Index to Nigerian Newspapers

The Federal Government of Nigeria is implementing a strategy to reduce borrowing and increase both foreign and domestic investments, as stated by Minister of Finance Wale Edun during an interview at the World Economic Forum in Davos. The government's focus is on enhancing revenue generation and sustainable financing through domestic resource mobilization rather than international borrowing. Key reform efforts include raising tax revenue and implementing a Comprehensive Economic Partnership Agreement (CEPA) with the UAE to attract foreign investment. Edun noted the country's economic growth has improved, with plans to further increase the tax-to-GDP ratio to fund social services and infrastructure, aiming for a more self-reliant economic framework.