The Central Bank of Nigeria Governor, Yemi Cardoso, and Finance Minister, Wale Edun, are presently addressing the House of Representatives in the ongoing economic sector debate.
Simultaneously, the Federal Inland Revenue Service (FIRS) Executive Chairman, Zacch Adedeji, and Minister of Budget and National Planning, Abubakar Bagudu, are also engaging with lawmakers.
This parliamentary session is part of the House’s series of sectoral debates, a continuation from the previous Defense sector retreat in November. In his address, FIRS Chairman Adedeji assured that the agency won’t introduce new taxes or escalate existing ones. Emphasizing their role as collectors, he expressed confidence in surpassing the N19.2 trillion target outlined in the 2024 budget.
Adedeji clarified, “We are not a revenue-generating agency but a revenue collector, operating based on policies.” He highlighted the agency’s struggle in recovering petroleum taxes due to challenges like oil theft and production cuts.
As of the latest update, Governor Cardoso is discussing the Foreign Exchange (FX) volatility and the liquidity shortage in the market.
Discover more from DnewsInfo
Subscribe to get the latest posts sent to your email.
