SECTORAL DEBATES: CBN GOV CARDOSO, EDUN ARRIVES HOUSE OF REPS FOR DEBATE ON ECONOMY
Governor of the Central Bank of Nigeria, Yemi Cardoso and the Minister of Finance, Wale Edun are currently before the House of Representatives in the ongoing sectoral debate on the economy.
The Executive Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji and the Minister of Budget and National Planning, Abubakar Bagudu are also before the lawmakers.
It would be recalled that the House has been holding sectoral debates on different sectors. Last November, the House held a similar retreat on the Defence sector.
In his speech, the FIRS Chairman told the lawmakers that the FIRS is not going to introduce any new taxation or increase the existing tax.
He noted that FIRS is not a revenue-generating agency but only serves as a collector. He added that he is confident that his agency is confident of exceeding the N19.2 trillion as stated in the 2024 budget.
“We are not a revenue generating agency, but a revenue collector. We only collect based on policies,” Mr Adedeji said in his statement.
He informed the lawmakers that the agency is struggling to get all petroleum tax due to oil theft and cuts in production.
At the time of filling this report, the Central Bank Governor is was speaking on the FX volatility and lack of liquidity in the market.
More Stories
JUST IN: IRAN’S PRESIDENT RAISI, OTHERS CONFIRMED KILLED IN HELICOPTER CRASH
Iranian state TV has confirmed the deaths of President Ebrahim Raisi and his foreign minister Hossein Amir-Abdollahian in a helicopter...
LAGOS ARTIST JAILED SIX MONTHS OVER LOVE SCAM
Justice I.O. Ijelu of the Lagos State High Court, Ikeja, has sentenced one Roland Esin Mana, a Graphic Artist,...
OFFICIAL: HAALAND WINS EPL GOLDEN BOOT FOR 2ND SEASON IN A ROW
The Premier League Officially announced Manchester City striker Erling Haaland as the winner of the 2023/2024 Golden Boot Award after...
BREAKING: MAN CITY CROWNED 23/24 PREMIER LEAGUE CHAMPIONS FOR UNPRECEDENTED FOUR TIMES IN A ROW
Man City have been crowned Premier League champions for an unprecedented four consecutive times. Phil Foden scored twice for Man...
BREAKING: HELICOPTER CARRYING IRAN’S PRESIDENT CRASHES
On Sunday, a helicopter carrying Iranian President, Ebrahim Raisi, has been involved in an incident while he was visiting neighbouring...
IMO: SIX DEAD, MANY INJURED AS TRAILER CRASHES INTO FOUR BUSES AT IMSU JUNCTION
Agency Report Not less than 6 people have reportedly lost their lives while many others sustained injury in a fatal...