Edun said this on Saturday in Marrakech, on the sidelines of the ongoing World Bank/International Monetary Fund Annual Meetings.
“Also, we have spent time meeting oil producers and encouraging them to invest further in production, so as to boost revenue as oil prices are relatively high. “The committee has a target of moving the country from under 10 per cent tax-to-GDP to 18 per cent within a year. That is also a way of dealing with debt servicing, ” he said.“The world we are in now is a world of high interest rates. Debt is becoming unaffordable, ” he said.
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