{"id":242864,"date":"2026-01-20T17:37:13","date_gmt":"2026-01-20T17:37:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/242864\/"},"modified":"2026-01-20T17:37:13","modified_gmt":"2026-01-20T17:37:13","slug":"fg-to-reduce-dependence-on-borrowing-edun","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/242864\/","title":{"rendered":"FG to reduce dependence on borrowing &#8211; Edun"},"content":{"rendered":"<p>Minister of Finance, Wale Edun, has disclosed that the Federal Government plans to reduce its dependence on borrowing and rely more on domestic resources.<\/p>\n<p>The minister stated this while speaking on Bloomberg Television at the World Economic Forum in Davos, Switzerland, on Tuesday.<\/p>\n<p>He emphasised the need to focus on revenue generation noting that while the country can access international bond markets, if necessary, the government\u2019s priority is to mobilise its own resources.<\/p>\n<p>He outlined the government\u2019s efforts to raise tax revenue and strengthen fiscal sustainability amid mounting global economic pressures and also listed strategies aimed at reducing borrowing while expanding revenue generation.<\/p>\n<p>Edun added: \u201cThe issue now is to focus on revenue, focus on domestic resource mobilisation. We\u2019re hoping to rely less on borrowing.\u201d<\/p>\n<p>The minister also noted that Nigeria remains open to international capital markets if needed, but domestic reforms are central to the government\u2019s fiscal policy.<\/p>\n","protected":false},"excerpt":{"rendered":"Minister of Finance, Wale Edun, has disclosed that the Federal Government plans to reduce its dependence on borrowing&hellip;\n","protected":false},"author":2,"featured_media":242865,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":{"0":"post-242864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/242864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=242864"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/242864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/242865"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=242864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=242864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=242864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}