Wale Edun Don Yarn Say Nigeria Need Reduce Borrowing Wey No Dey Sapa Again

Chai! Na serious matter wey Wale Edun, our Finance Minister, don drop for ground! E don talk say Nigeria no fit continue dey borrow money like say we dey play lottery, abeg! We need to sabi how to generate money by ourselves if we wan make our economy strong.

For Abuja, where dem dey hold meeting for Nigerian Revenue Service, Edun don tell everybody say the way wey global economy dey now no dey smile for developing countries, especially like Nigeria wey dey face ghastly borrowing wahala. If we no change our strategy, e fit kon dey hard to run things for dis obodo wey we dey call home.

He talk say as the global community dey shift their focus to wetin go benefit their own people, na so Nigeria dey waka dey carry heavy debt burden wey no go fit allow am breathe well. Na why e talk say we gatz mobilise our revenue and make our fiscal matters dey under our own control, instead of waiting for agreement wey fit spoil at any time.

According to am, 2024 data show say developing countries dey pay plenty money for debt service, about $163 billion, meanwhile dem dey only get $42 billion for overseas support. This imbalance na wah! It dey clear say we no fit depend on dem again – na to focus on our own house, abeg!

Edun say if we fit generate enough money, the kind projects wey we go fit carry out fit include better roads, hospital wey go fit heal person well, plus educational facilities wey go help our youths evolve. E no go sweet at all to dey borrow and dey service that debt, while we no fit provide fundamental needs for citizens.

But here comes the gbele, as Senate Chairman for Appropriations, Olamilekan Adeola, don kamp wahala say new loans dey inevitable if we wan close our budget gap. Na for public hearing him talk say ‘eh, wetin we go do if revenue dey trickle in like snail in slow motion?’ The man no wan hear say we no go borrow at all. E don point out say wetin we gatz face now na how to manage the loans and not the loans themselves.

Na wetin Edun dey try hammer home be this – Nigeria gatz work on how to make tax system dey work well, though. He say without proper compliance and enforcement, all the governance reforms no go shine. E come add say trust matter dey important, people go need to see the benefits of wetin dem dey pay for taxes before dem go even wan pay am. Imagine sey you dey contribute for road wey dey full of potholes, how you wan feel? You go feel cheated!

Let everybody take note – if we fit use our revenues well, we go start to see tangible changes. Edun dey believe say no be just talk, but action we need now if we want better Nigeria. Distribution of wealth gatz happen so that everybody go fit see how dem fit benefit from this revenue contribution.

For now, as the Nigerian Revenue Service dey take position to spearhead these reforms, we gatz pray make dem do am right. The newly appointed chairman, Zacch Adedeji, don vow say this no be normal work. E must deliver results wey go fit boost public trust and improve national development.

So, make we all return to our businesses, but let’s keep our eye for ground. We go fit get better naija if we fit just do wetin we need to do!