Addressing Nigeria’s rising debt profile

Nigeria’s Minister of Finance and coordinating Minister for the economy, Wale Edun says the country cannot rely on borrowing to fund the 2024 national budget. Meanwhile, the Senate Committee scrutinizing 2024-2026 Medium Term Expenditure and Fiscal strategy paper have raised concerns over the ability of revenue-generating Ministries, Departments and Agencies to meet their targets. Paul Alaje, Senior Economist at SPM Professionals joins CNBC Africa to discuss Nigeria’s debt profile, inflation and Central Bank of Nigeria’s shift to orthodoxy.