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Reduce Borrowing, MDAs Have Potential To Generate More Revenue – Lawan To FG

Victor Amadu by Victor Amadu
October 8, 2021
in Economy
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Reduce Borrowing, MDAs Have Potential To Generate More Revenue - Lawan To FG

Senate President, Ahmed Lawan

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Nigerian Senate President, Ahmed Lawan, has urged the Nigerian federal government to reduce its borrowing spree and focus more on exploring other means of generating revenue. ayokinews.com reports

Lawan made this known during the a joint plenary session of the upper and lower chamber, where the President, Muhammadu Buhari presented the proposed 2022 budget.

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Speaking on generating more revenue for the country, Lawan stated that the Ministries, Departments and Agencies (MDAs) have the capacity/potential to financially contribute to the federation account immensely.

Fmr. Nigerian President Obasanjo Frowns At Buhari Govt Loan Request

Senator Ahmed Lawan said, “Mr. President, we understand that due to paucity of revenue, the federal government has to resort to raising funds from foreign and domestic sources to provide infrastructure across the country.

“That is why the national assembly approved the requests for borrowing. The commitment of the federal government in providing infrastructure across the country means that the funds must be raised one way or the other.

“Government should also explore other sources of funding for its projects in order to reduce borrowing.”

https://edition.cnn.com/2021/10/08/africa/ghana-lgbtq-crackdown-intl-cmd/index.html

Tags: Muhammadu BuhariNASSSen. Ahmed Lawan
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Victor Amadu

Victor Amadu

Victor Amadu is the CEO/Founder of Ayoki Media, a firm with interest in online news broadcast and advertisement.

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