How I plan to replicate Lagos success as a minister  —  Wale Edun

<p>Edun said, “Borrowing is not a bad thing as long as you have revenue to service it.”</p>, <span>Wale Edun is one of the ministerial nominees of President Bola Tinubu. Punch</span>, <h2>Olawale Edun, one of the ministerial nominees touted to become the next Minister of Finance, says his achievements as Commissioner of Finance in Lagos are repeatable at the federal level.</h2>, <p>Edun, who served under Bola Tinubu’s administration in Lagos between 1999 and 2007 said this while appearing before the Senate on Tuesday, August 1, 2023, for screening.</p>, <p>After presenting his credentials, he was bombarded with several questions some of which bordered on finance and economy.</p>, <p>Answering questions on how he would revive Nigeria economy if President Bola Tinubu appoints him a Minister of Finance, Edun said his success as commissioner of finance in Lagos can be replicated at the federal level.</p>, <p>According to him, the economic and financial turnaround of Lagos State is attributable to technology and the total computerisation of government operations.</p>, <p>He added that the partnership and reliance on the private sector and private investment helped in driving Lagos economy.</p>, <p>On Nigeria’s debt profile, Edun said, “Borrowing is not a bad thing as long as you have revenue to service it.”</p>, <p>Edun also explained that Nigeria economy is in a precarious state due to the dearth of production, insecurity and wasteful expenditure.</p>, <p>On fuel subsidy removal and the unification of the exchange rate, he called on the Senate and state governments to support Tinubu’s reforms.</p>