The Federal Government has resolved to audit the N23 trillion Ways and Means debt hanging on its neck.
Mr. Wale Edun, Minister of Finance and Coordinating Minister for the Economy, made an announcement at the ongoing Public Wealth Management Conference organized by the Ministry of Finance Incorporated, MoFI.
READ ALSO: Why we can’t sell cement below N7,000 – manufacturers
As a measure to wean itself from future Ways and Means indebtedness, Edun stated that the Federal Government will soon present a bill to the National Assembly authorizing the removal of “all taxes and levies that constitute nuisance from the country’s tax system.”
Edun stated that the government will vigorously pursue policies that will allow it to collect revenue in real time from Government Owned Enterprises (GOEs) and corporate entities.
