Wale Edun: We inherited a bad economy | FG won’t rely on borrowing

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Wale Edun, minister of finance and coordinating minister of the economy, says the federal government has no intention to borrow from any local or foreign organisation.

He spoke with state house correspondents at the end of the inaugural federal executive council meeting on Monday in Abuja.

“Clearly, the federal government is not in a position to borrow at this time. Rather, the emphasis has to be on creating a stable, macroeconomic environment. Stable inflation, stable exchange rate, an environment within which people can come and invest and thereby increase production and further grow the economy. Improve and create jobs and reduce poverty,” he said.

Source: News Formal (newsformal.com)

 

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