The Federal Government has ruled out borrowing from any local or international Organisation with its petrol subsidy removal and exchange rate harmonization.

Finance and Coordinating Minister for the Economy, Wale Edun, announced this at the end of the inaugural Federal Executive Council, FEC meeting in Abuja.

He stressed that the benefit of the subsidy removal would be channeled into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

Also, the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, said investment offers were already coming up in different sectors of the economy, including oil and gas, health, solid minerals and agriculture.

On his part, the Minister of Health, Ali Pate, noted that critical sections of the health value chain would be exploited to improve the economy and create jobs for Nigerians.