NewStats: 3,259,529 , 8,170,429 topics. Date: Sunday, 25 May 2025 at 01:14 PM 1c6q1t

The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.

He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.

He reiterated the President Bola Tinubu-led istration’s desire to bring back the economy from the wood it has found itself over time.

Similarly, the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, said investment offers were already coming up in different sectors of the economy, including oil and gas, health, solid minerals and agriculture.

She said that her ministry would collaborate with relevant Ministries, Departments and Agencies of government to achieve the president’s commitment to creation of jobs for the teeming youthful population of Nigeria.

On his part, the Minister of Health, Dr Ali Pate, said that critical sections of the health value chain would be exploited to improve the economy and create jobs for Nigerians.

He said that the president had directed them to be courageous and innovative in taking decisions that would benefit the country, adding that the president has already taken such moves.

Pate said that the president was responsive to the need to set the economy on the path of progress with his move to remove subsidy on petrol from the first day on his inauguration.

The Minister of Information and National Orientation, Alhaji Mohammed Idris, said that the president charged the cabinet to be transparent in their dealings, especially in disseminating necessary information.

He urged the media to avail themselves of the opportunity of ing and fact checking their stories in order not to misinform the public.

https://www.vanguardngr.com/2023/08/fg-ends-borrowing-finance-minister/amp/

Good development Tinubu is working Good development Tinubu is working Good development Tinubu is working

comic relief. APC said the same thing under Buhari including Tinubu but turned out a disaster yet APC ers hailed him only to turn around to call him a failure. They have started again with hardship, lies and fake promises. Ain't Tinubu seeking to borrow funds? dubious people kawai

slivertongue:
comic relief

For an unserious Lazy Bone Chief Wailer, always looking for an excuse to whine?.

There are over 200 million sambos like you in The Federal Republic of Nigeria, no one owes you anything.

Asiwaju has not borrowed a Kobo since he became the President.

It was Buhari that Applied for $800m from the World Bank not Asiwaju.

The Lawmakers didn't let Buhari have access to the Money because his tenure was about to End.

On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

Lamba

Once upon a time...

some people just hate any good news about nigeria...

Imagine if the headline was, FG IS GOING TO BORROW..

Wow that's awesome because this borrowing of finance have made some people to loose many things in life

Brilliant!! This is great news. Well done sir. Check my signature for free stuffs!

Parachoko:
Asiwaju has not borrowed a Kobo since he became the President.


On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

NNPC recently borrowed $3billion loan from AFREXIM to cushion Subsidy for Tinubu's government, China and many countries has refused to borrow Nigeria government, Tinubu's istration is now using another strategies, government of the more you look the less you see

Too early to say that

which day fg tell you DAT wan

But the Minister of Communications and Digital Economy, Dr. Bosun Tijani, made it clear that the government borrowed $500 million to boost the economy.

These deviants in government should stop fooling themselves. No government can run without borrowing. An entire country cannot be as SENSELESS as the agbadorians.

https://www.google.com/amp/s/www.thisdaylive.com/index.php/2023/08/27/fg-secures-500m-loan-to-fund-digital-economy%3famp=1

Don't stop o. APC should continue to borrow until the day China comes to take over Nigeria.

we'll be looking from afar

Idiot is talking,
Lets wait till he finishes

Obidients will not like this
Don't say rubbish if you haven't seen this topic below and know the true Obi before religion and tribal bigotry took over you people
https://nairaland.unblockandhide.com/870945/what-exactly-peter-obi-doing#10195342

Good

The $3B that NNPC borrowed from AFREXIM Bank last week na wetin e be? Perhaps we should term it with Buhari's propaganda language of Under Recovery

Indeed

Don't forget since your assumption you have borrowed like twice/thrice

ManirBK:
https://www.vanguardngr.com/2023/08/fg-ends-borrowing-finance-minister/amp/

This wale edun sef

Since he took over, he has been busy speaking english laced with some economic that got no bearing on how to uplift the living standard of the masses

Nigerians are suffering, the impact of subsidy removal is hitting hard on them, rather than find long lasting solutions , the government is busy sharing 100 grains of rice per household as palliatives

If they can boldly and confidently deceived Nigerians that they have stopped the fuel subsidy removal corruption only to discover that APC have been lying to the last minute, so never you believe them. They are liars, scammers, fraudsters and propagandists.

The internal enemies of Nigeria, who only love Nigeria when they are at the corridor of power, would do everything to show that this news is false.

I have never seen a tribe so bitter and unhappy with good news.

This is pure hate induced insanity that requires prompt rehabilitation to avoid stories like one who had to be bundled out of an airplane.

Lol

Text 419 to APc
for More jokes

Parachoko:
Asiwaju has not borrowed a Kobo since he became the President.


On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

but he has borrowed dollars like twice/thrice

Parachoko:
Asiwaju has not borrowed a Kobo since he became the President.
On Asiwaju Bola Ahmed Tinubu Mandate I Stand Gidigba

Zombies said the same thing for Buhari in eight years

Here we go again