The minister said that Nigerians were happy that the government was reducing borrowing.’’
According to the communique, a total revenue of N1,346.519 trillion was available in October 2023.
Violators of the directive will be fined N5 million, and officials of such agencies stand the risk of serving a three-year jail term.
![FCT Minister, Nyesom Wike [Credit: Chi Geru]](https://gazettengr.com/wp-content/uploads/Screenshot_20230825-113842_WhatsAppBusiness.jpg)
“We look forward to a successful deliberation of the labour unions today and a definite call off of the planned nationwide strike,” he said.
He explained that the poor are exploited and extorted in the name of multiple taxations while the rich keep invading and avoiding taxes.
Mr Ogbeifun noted that such initiatives should be embraced because shipping was a very expensive trade.
A new Oxfam report has revealed the revenue-generation potentials associated with imposing a wealth tax on the wealthy in Nigeria.
The bill seeks a regulated and more organised process of granting corporate tax holidays and import duty waivers to investors and businesses.
The business outlets were sealed off for failing to pay the State’s land use charge.
Both offers are subject to a minimum subscription of N5,000 and a maximum of N50 million.
