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Market Digest Nigeria

Finance

Nigeria must stop borrowing —Ahmed Lawan

The Senate President, Dr. Ahmed Lawan, on Monday, said Nigeria must not continue to borrow. He stated that Nigeria should have enough finance for its needs.

He accused revenue generating agencies of not remitting enough revenues to the Federal Government. According to him, this has led to insufficient revenue for the government. He spoke in Abuja during the third convocation of the University of Benin/National Institute for Legislative and Democratic Studies, for postgraduate programmes. Lawan said, “Today Nigeria is faced with the problem of availability of revenue. The time has come for National Assembly to continuously engage with revenue-generating agencies. We have to take the bull by the horn and look for our revenue wherever they are.”

The Director-General, NILDS, Prof. Abubakar Sulaiman, said 65 graduands were conferred with various masters degrees. He stated that they comprised 28 graduates in Legislative Studies; 15 in Legislative Drafting and 22 in Parliamentary Programmes. A former Senate President, Ken Nnamani,  present at the convocation lamented poor infrastructure in the country.

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