The federal government has announced it will audit the N23 trillion Ways and Means debt hanging on its neck.
This was announced by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun at the ongoing Public Wealth Management Conference organized by the Ministry of Finance Incorporated.
According to Edun, this is in a bid for the federal government to rid itself from future Ways and Means indebtedness.
He said the government will soon present a bill to the National Assembly that would authorize the removal of “all taxes and levies that constitute nuisance from the country’s tax system”.
Edun added that the government will vigorously pursue policies that will allow it to harvest revenue in real time from Government Owned Enterprises and Corporate entities.
Details shortly…
Alleluia is the Assistant Editor and Content Writer at LagosPost.ng. She is a prolific writer and editor, she has written features and news stories on Lifestyle, Sports, Business, Politics and B2B marketing. She is also an event coordinator, host and social media content creator.
