The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said yesterday that the Federal Government would pin down Ways and Means to deal with the problem of too much liquidity in the system
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said yesterday that the Federal Government would pin downFielding questions from journalists after a meeting with investors at the ongoing Spring Meetings of the IMF and World Bank in Washington DC, yesterday, he said that the fiscal and monetary authorities were complementing each other to bring down inflation.
“We need to borrow less and focus more on domestic resource mobilisation. We want long-term resources to avoid repayment and refinancing pressures.” His words, “At 10 per cent to GDP, what should I say, it would appear as if some people are not paying their taxes. “Our analysis has shown that 90 per cent of tax revenue comes from nine tax heads while we have over 80 taxes from federal, through states to local councils.
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