The Federal Government has expressed its readiness to double tax revenue in the next three to Four years.
The Minister Of Finance Wale Edun made this known on the sideline of the ongoing IMF /World Bank Spring Meetings in Washington DC .
Edun who met with some foreign investors said governments would need to borrow less and focus more on domestic resource mobilisation from taxes and other government revenue and in particular from oil.
The Minister added that out of eight trillion naira that has roughly been issued in securities by the CBN and ministry of finance, the majority came from treasury bills and treasury certificate noting that the Monetary and fiscal authorities are working hand in hand to stabilise the Nigerian economy.
The Debt Management office side event with Foreign investors, the Central Bank of Nigeria and the Ministry of finance targets more foreign direct investment into Nigeria.
Editor: Anoyoyo Ogiagboviogie
