By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: Tinubu Can Mobilise Revenue To Reduce Borrowing, Says WAIFEM
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > Tinubu Can Mobilise Revenue To Reduce Borrowing, Says WAIFEM
NewsPolitics

Tinubu Can Mobilise Revenue To Reduce Borrowing, Says WAIFEM

hammed
Last updated: June 14, 2023 1:19 pm
hammed
Published: June 14, 2023
Share
SHARE

The West African Institute for Financial and Economic Management (WAIFEM) has told the international community that President Bola Ahmed Tinubu has the capacity to address the nation’s revenue challenges.

Director General of WAIFEM, Dr Baba Miusa gave the assurance during a podcast organised by the Potomac Group in Germany.

Musa admitted that many African governments, including Nigeria have revenue challenges.

According to him,

“What we have seen in the last two years if I can be very specific, is that the net financing in most of the countries appear to be negative now which means that countries will have to find a way of mobilizing more resources to be able to fund their budget”.

WAIFEM’s confidence in Tinubu’s ability to pull resources together to fund his government’s programmes and projects, Musa said, is hinged on Tinubu’s antecedence.

He said,

“He was judged as one of the best governors that built infrastructure and that also made Lagos to be the highest revenue mobilizer in terms of domestic revenue mobilization which has been a very serious and critical issue for Nigeria”.

He added: ” Tinubu has a good track record so I believe that with a good cabinet, they will support him and he will move Nigeria forward. We see a bright future coming for the country, I do hope also the fiscal situation will improve.”

Dr. Baba Musa described as unacceptable, Nigeria’s 6.5 percent revenue to Gross Domestic Product (GDP). “For Nigeria I think it is an unacceptable situation to have a revenue to GDP of 6.5 percent.

“If he can raise it to a little bit above 10 percent I think the need to borrow will drastically reduce and he will be able to have enough resources to invest in the country and of course service the existing debt,” he said.

He appealed to Western countries to engage with African countries “and look at the critical needs of Africa and find a way of assisting Africa to finance their infrastructural need”.

You Might Also Like

Governor Fubara cancels all civil service jobs approved by Wike
Ondo government confirms 12 monkeypox cases
Biden calls himself ‘First black woman’ in latest gaffe (video)
2023 presidential election is the most credible ever – Shettima
Father and son Hamas Terrorists describe how they went house to house to rape and murder Israeli civilians (Video)

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
TAGGED:TinubuWAIFEM
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • “This Season Has Been Amazing” – Bose Akinola Grateful For Double Blessings
  • ‘Emotions Of The Game’ – Bafana Coach Broos On Clash With Chelle
  • Bbnaija 10: My Eviction Was Shocking – Big Soso
  • Actress Tomike Adeoye Amuses Fans With Throwback Video Of Scammer’s Failed Tricks
  • 2026 WCQ: NFF Blames Two Super Eagles Players For 1-1 Draw With South Africa

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?