Nigeria’s revenue base is low – Finance Minister

The Minister of Finance, Zainab Ahmed, says Nigeria’s debt appears high because the country is currently facing a low revenue challenge.

Mrs Ahmed, during a visit to the Nigeria Customs Service (NCS) Headquarters on Friday in Abuja, stressed the importance of improving revenue generation to enable Nigeria to achieve its economic objectives.

“People have raised concerns about our debt profile, but we do not have a debt problem.

“Our debt ratio to GDP is still below, three per cent, which is the threshold set by the Fiscal Reasonability Act.

“What we have is a revenue problem. We don’t have revenue to pay salaries and to meet the recurrent as well as the capital expenditure,” she said.


About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298, 08056381068.

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