Tinubu promises to end Nigeria’s over-reliance on foreign loans

President Bola Tinubu said on Tuesday his administration would end the overreliance on foreign loans for project execution and other public spending.

The president, who stated this during the inauguration of the Presidential Committee on Fiscal Policy and Tax Reforms on in Abuja, charged the the committee to improve the country’s revenue profile and business environment.

He said the Federal Government was moving towards achieving an 18 percent Tax-to-GDP ratio within three years.

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