The Federal Government has said the recently launched Economic Recovery and Growth Plan (ERGP) would allow restructuring of some of its assets in a bid to tackle revenue problem and boost the economy.

Sen. Udoma Udo Udoma, Minister of Budget and National Planning, who disclosed this on Tuesday, said that the challenge of the country was not a debt challenge but a revenue problem.

He added that with sufficient revenue, the country would have enough money to service its debt.

“It’s a ratio, when the revenue goes down, the debt ratio goes up and we have a plan for the revenue, the plan is short term and medium term.

“Short term, we have indicated and it is there in the plan that we are going to look at the restructuring of some government assets to release additional revenue immediately in the short term

“And a committee has already been set up by the president to do this. So, that is in the document

“With the additional revenue, it will help us in terms of increasing our revenue but in the medium term the solution has to be to increase the level of tax collection.

“Not necessarily the tax rate but the levels of collection. Making sure that Nigerians pay their taxes