The Nigerian Government has resolved to audit the N23 trillion Ways and Means debt hanging on its neck.
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, announced this at the ongoing Public Wealth Management Conference organized by the Ministry of Finance Incorporated.
Edun said the Federal Government, as a measure to wean itself from future Ways and Means indebtedness, 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”.
According to the minister, 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…
