Nigeria can’t continue borrowing, Lawan says

Nigeria can’t continue borrowing, Lawan says


…kicks against indiscriminate tax waivers

The Senate President, Ahmad Lawan, has revealed that the Upper Legislative Chamber will turn the heat on various revenue-generating agencies for adequate revenue to fund the implementation of the N21.83tn 2023 budget.

Lawan made this known in Abuja during his 64th birthday celebration, where he emphasised that it would no longer be business as usual for the various revenue-generating agencies in the country as the government could no longer continue to borrow to fund the budget. 

He also noted that aside from the problem of insecurity which was being fought headlong by the government at various levels, the lack of sufficient revenue for the execution of national development programmes was another challenge that must be seriously tackled if the cycle of deficit budgeting or incessant borrowings must be stopped.

 The Senate President said the move became…

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Nigeria can’t continue borrowing, Lawan says

 

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