IMF proffers solution to Nigerian govt’s borrowing spree

The International Monetary Fund (IMF) has asked Nigeria to be intentional in making changes to cut borrowing.

The global institution specifically called on the Nigerian government to raise its incomes from taxes, particularly through ensuring compliance and expanding the tax net in order to generate more revenues and cut burgeoning debt.

IMF made this call in its latest Fiscal Monitor titled ‘On the path to Policy Normalisation’ released Wednesday.

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