The Federal Government is confident that Nigeria’s economic condition is not so bad that the country will require external assistance in restructuring its debts.Edun spoke against the background of Nigeria’s national debt, currently at more than N87 trillion, and concerns that a shortfall in revenue could worsen the government’s financial sustainability.
Edun said Nigeria’s economic reforms are home-grown, driven by President Bola Tinubu’s reform agenda and commitment to deepening national economic growth and development. “These policies help the government generate enough revenue and allocate resources efficiently, reducing the likelihood of needing debt restructuring.
Speaking during an interactive session at the just-concluded Annual Meetings of the International Monetary Fund and the World Bank in Marrakech, Morocco, Edun noted that debt management requires versatility and an adequate understanding of the global financial situation.