Nigeria's Finance Minister Plans to Reduce Borrowing and Attract Investments
Nigeria's Finance Minister, Wale Edun, revealed the government's commitment to reducing reliance on borrowing and attracting investments to the Nigerian economy during an interview at the World Economic Forum in Davos, Switzerland. The focus is on fiscal consolidation, key economic reforms, and reducing debt to drive investment.
The government aims to showcase Nigeria's improved macroeconomic stability to attract investors. Concerns have been raised about Nigeria's rising public debt, which stood at N152.39 trillion in June 2025.
The Debt Management Office projects debt servicing to exceed N160 trillion by 2025.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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