Minister of Finance, Olawale Edun, recently expressed concerns over Nigeria’s insufficient revenue to support critical infrastructure and essential social services during these challenging economic times. Speaking on a podcast hosted by Bruit Costaud in collaboration with Ballard Partners of the USA, Edun highlighted the need for increased funding to meet the needs of the Nigerian people.
Despite the financial constraints, Edun reassured Nigerians that President Bola Ahmed Tinubu’s administration has implemented various measures to boost revenue streams and address the country’s economic challenges. Drawing from Tinubu’s successful economic strategies during his tenure as governor of Lagos, Edun emphasized the importance of leveraging technology to enhance revenue collection and eliminate financial leakages.
“In Lagos, Tinubu revolutionized the economy by prioritizing revenue generation through digitization and efficient monitoring systems. We are now implementing similar strategies at the federal level to improve the government’s revenue base,” Edun explained.
By adopting innovative approaches and modern technologies, the Nigerian government aims to enhance revenue collection and ensure that funds are allocated towards critical infrastructure projects and essential social services. With Tinubu’s proven track record of economic revitalization, Edun remains optimistic about Nigeria’s ability to overcome its current financial challenges and create a more prosperous future for its citizens.
