At NES #31 in Abuja, Finance Minister Wale Edun declared an end to budget rollovers that cause confusion, confirming an agreement with the National Assembly to keep budgets within the fiscal year. He highlighted new financing methods like sukuk, green bonds, and diaspora bonds to replace eurobonds.
Edun emphasized transparency improvements, including a federal billing system to track government payments and better visibility of funds with the CBN. He stressed prioritizing productive sectors to fight inflation and noted reforms like FX unification and fuel subsidy removal have boosted state allocations by over 100%.
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