No nation can finance its development on the basis of external dependence alone, Oyedele warns

“No nation can finance its development on the basis of external dependence alone”, declared the Minister of Finance and Coordinating Minister of the Economy, Professor Taiwo Oyedele, at the opening of a high-level capacity-building session in Abuja on Wednesday.
At the Wells Carlton Hotel in Asokoro, Oyedele’s remarks framed Nigeria’s argument for a stronger domestic financing strategy and set the tone for an experience-sharing visit by a delegation from the Federal Democratic Republic of Ethiopia on Nigeria’s Integrated National Financing Framework (INFF).
He told state revenue leaders, development partners and Ethiopian counterparts that reliance on aid and concessional finance was ...