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FG reveals measures to boost revenue

The federal government says it is taking measures to grow the real sector to boost the country’s revenue.

• March 13, 2024
Wale Edun (Credit; Cable)
Wale Edun (Credit; Cable)

The federal government says it is taking measures to grow the real sector to boost the country’s revenue.

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, said the government is expanding mining, agriculture processing, and industry and improving investments in power and gas.

The minister disclosed this in Abuja at a podcast hosted by Bruit Costaud in collaboration with Ballard Partners of U.S.A. in Abuja.

Ex-information minister Lai Mohammed is the managing partner of Bruit Costard, a lobbyist and public relations firm and an affiliate of Ballard Partners.

According to the minister, some fiscal incentives had been announced recently that would yield results in investment in the gas sector.

He said the government was also focusing on the market, adding that a well-functioning market was important to enable Nigeria to raise funds when needed.

“You need a well-functioning market. This is where we can raise funds from the domestic market comfortably. We are also exploring linking and easing foreign currency securities on the Nigerian market. These are the areas the government is concentrating on,’’ he said.

Mr Edun said the government was also working to increase the country’s tax and non-oil sector revenue.

(NAN)

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