Entertainment
Davos: FG Aims For Less Borrowing, More Investment — Wale Edun
The Federal Government has said it plans to invest more in the economy, rely more on domestic resources, and reduce its dependence on borrowing.
Minister of Finance Wale Edun said this while speaking on Bloomberg Television at the ongoing 56th World Economic Forum in Davos, Switzerland, on Tuesday.
The minister’s remarks come as Nigeria implements fiscal reforms aimed at strengthening its economy.
Edun emphasised the need to focus on revenue generation.
The Minister added that while the country could access international bond markets, if necessary, the government’s priority is to mobilise its own resources.
He outlined the government’s efforts to raise tax revenue and strengthen fiscal sustainability amid mounting global economic pressures.
Edun also highlighted strategies aimed at reducing borrowing while expanding revenue generation.
“The issue now is to focus on revenue, focus on domestic resource mobilization,” he said.
“We’re hoping to rely less on borrowing,” he added.
The minister also noted that Nigeria remains open to international capital markets if needed, but domestic reforms are central to the government’s fiscal policy.
Since taking office in 2023, President Bola Tinubu’s administration has introduced several economic reforms to drive growth and stabilise public finances.
These measures include removing currency restrictions, ending a costly fuel subsidy, and overhauling the nation’s tax framework.
Other measures introduced by FG include the tax reforms, which aim to raise revenue to 18% of GDP next year, up from roughly 14% currently.
The Minister also noted that FG’s policies target long-term economic sustainability while reducing reliance on external debt.
These initiatives. he emphasised are part of broader efforts to modernize Nigeria’s economy and strengthen investor confidence.
Economic forecasts indicate Nigeria’s reforms are showing early signs of progress.
The International Monetary Fund upgraded Nigeria’s growth forecast to 4.4% for 2026, up from an estimated 4.2% in 2025.
IMF’s projections come despite weaker oil prices, Nigeria’s top export and major foreign-exchange earner.
It also noted that government reforms are expected to further stabilize revenue collection and support fiscal sustainability.
“The combination of domestic resource mobilisation and ongoing reforms underscores Nigeria’s effort to reduce debt dependence and strengthen its economic foundations,” the IMF had said.
Edun will use the Davos meeting to address investor concerns around policy consistency, inflation, foreign exchange stability, and fiscal sustainability.
Nigeria’s message at WEF 2026 is shaped by wider global realities affecting emerging markets.
The Federal Government will also debut its first-ever official national pavilion, Nigeria House Davos, at the Forum.
![]()
Entertainment
Israel DMW joins Davido to blast Sophia Momodu’s lawyer
Israel DMW, Davido’s aide, has joined him in lashing out at Sophia Momodu’s lawyer.
It was reported two days ago that Davido had reportedly lost his cool in court. Lawyer Maruf Muhammed, via Twitter, alleged that the singer was in court in Yaba, where he lost his cool during cross-examination and was creating chaos in the courtroom.
Davido explained that he never asked for full custody and asked for joint custody.
He announced that he had decided to drop the case and assured his daughter that she would grow up knowing he fought for her.
In a now-deleted Instagram story, he admonished the public to fear women who carry churches on their heads like Cross.
He noted how their minds are always deep and don’t care how one feels when they hurt them.
“Fear women, who carry churches on their heads like Cross. Their minds are always deep.
They don’t care how you feel when they’re about to hurt you.
Wicked and useless lawyer”.
Recall that in 2024, Davido filed a lawsuit, demanding joint custody of Imade as he claimed Sophia was denying him access to her and was extorting money from him, which she denied.
A week later, she had opposed his joint custody battle, citing the death of his son, among others, as reasons the singer is unfit to raise their daughter on his own.
Last year, Davido announced that he had finally reunited with his mini-me as he shared photos of him with Imade. The music star declared it the best day of his life.
The estranged lovers had reunited for the first time in 3 years for Imade’s 10th birthday party. The former couple were captured maintaining social distance as they pose for camera with their daughter.
![]()
Entertainment
“My ancestors and Chi are solidly behind me” – Judy Austin tells haters amid May Edochie’s trip to Jamaica
Nollywood actress Judy Austin has addressed her haters as her rival, May Edochie, vacations in Jamaica.
Taking to her Instagram page, Judy shared a throwback video from her birthday shoot, while referring to herself as the Most Beautiful Woman she knows.
Yul’s wife expressed gratitude for everything God has been doing for her, noting that she is living proof that God passes the devil.
The Asaba actress said her ancestors and Chi are solidly behind her, and she is too blessed.
“God’s Favourite
IJELE ISI MMILI JI OFOR
The Most Beautiful Woman I Know
A Grateful Heart
I’m so full of Gratitude
Thank you, Lord, for everything you’ve been doing for me
I’m living proof that God passes the devil
Nothing works against me and survives
God loves me too much!!!!!
My Ancestors and my Chi are solidly behind me
I’m too BLESSED
Most of you won’t understand, and that’s okay, too.
I’m just appreciating the handwork of God in my life.
How He constantly stands in the gap for me
Thank you, ABBA FATHER.
I’ll forever worship your name.
I want appreciating these beautiful ladies, my stylist and my makeup artist. @maytajraiments and @unis_glam for making my birthday so beautiful with their beautiful work”.
In a cryptic post, Austin, while addressing a manipulative person, said people can’t manipulate someone who isn’t desperate to be liked. Judy stated that God is intentional with her and expressed gratitude for everything.
Austin had issued a stern warning to an unnamed witch and her coven members for attacking her. Judy said her manipulation to gain pity is okay, but hiding behind that and consistently attacking her and her children with her fans was the other part that people don’t see.
After her birthday festivities, Austin declared herself different from the rest. She revealed that she was humbled enough to know that she isn’t better than anyone, yet wise enough to know she is different from the rest. She said there is nothing like living one’s life on one’s own terms.
Recall that Judy Austin became one of the most hated women in the world after her affair with Yul Edochie, who was at the time married to May Edochie, the mother of his four kids
![]()
Entertainment
“Thank you for being my peace, strength and home” – Mercy Johnson’s husband appreciates her in sweet Valentine’s post
Prince Odi Okojie, the husband of Nollywood actress Mercy Johnson, is appreciating her on Valentine’s Day.
Taking to his Instagram page to share loved-up photos of them, he stated that Mercy is his forever Valentine and appreciated her for being his peace, strength and home.
Prince Odi Okojie appreciates Mercy Johnson
The politician affirmed his love for her.
“My Valentine Yesterday, Today, and Forever.
Thank you for being my peace, my strength, and my home.
I love you, always.
Mercy Johnson Okojie”.
Prince Odi Okojie appreciates Mercy Johnson
Also sharing photos of them, Mercy noted how they’re still together.
“Odiwife. Still together.
Happy Valentine’s Day, Hubs”.
Last month, the famous couple had arrested TikTok content creator Eedie Bliss for sharing unconfirmed news about her family. Eedie said Mercy allegedly connived with her husband’s alleged pregnant mistress’s house help to cause her miscarriage.
Confirming her release on Instagram, Johnson said she withdrew the charges against her out of love and respect for numerous individuals. She begged netizens to leave her family alone, as she revealed how the headlines were affecting her family, especially her children.
Standing by his wife, Odi shared lovely photos of himself and his wife, stating that they’re rooted in grace and covered by God’s blessings.
Refreshing your memory, last year, a famous blogger alleged that Johnson was feuding with her husband’s pregnant side chick.
The blogger claimed that the politician forgot to cover his tracks, and Mercy, who was on his trail, found out and succeeded in getting to the side chick through her help, and the help helped her feed the side chick a concoction that aborted what would have been her stepchild.
In response, Johnson, via her Instagram page, shared loved-up photos of herself and her husband, revealing that she hadn’t slept because ‘no sleep for the wicked’.
Joining his wife to shut down the rumours, he shared a loved-up video of them from their daughter, Angel’s 10th birthday party.
![]()
-
Entertainment4 years agoBBNaija: “Shameful For A Married Woman” – Boma, Tega Doing ‘Stuff’ Under Duvet Sparks Outrage (See Video)
-
Entertainment4 years agoSinger, Oxlade In Big Mess After His Sex Tape With A Strange Lady Surfaces Online (Watch Video)
-
Entertainment5 years agoBBNaija: Kiddwaya Sucks Erica’s Boobs, Licks Dorathy’s Neck In Truth Or Dare Game (Video)
-
Entertainment3 years agoI’m Not Ashamed Of My Leaked Nude Photos, Ifunanya Confesses (See Photos)
-
Crime7 months agoNDLEA intercepts Saudi, UK-bound cocaine in lipsticks
-
Entertainment5 years agoI’m Not Sick But Only Lost Some Weight – Kiss Daniel
-
Crime10 months agoNDLEA seizes N3.4bn worth of opioids in Lagos, PH, uncovers drugs in chocolate tins
-
Entertainment5 years agoHow Women Should Act During Sex – Actress, Blessing Okoro Reveals (Vdeo)



