He further explained that total deductions for cost of collection amounted to N123.546 billion.
Mr Abiodun noted that infrastructure would gulp 32 per cent of the budget at N526.15 billion, and education taking N275 billion, representing 17 per cent.
Mr Tinubu presented the four tax reform bills to the National Assembly in October 2024.
Mr Ambi said that farmers and producers may face increased competition from imported goods
This initiative by the President is commendable.
“The government has consistently shown their willingness to listen to the concerned public,” he said.
According to the communique, a total revenue of N1,346.519 trillion was available in October 2023.
“We look forward to a successful deliberation of the labour unions today and a definite call off of the planned nationwide strike,” he said.
“We need organic social protection programmes to cover informal sectors and not piecemeal dole-outs, which do not reach the target beneficiaries anywhere.”
He said President Bola Tinubu’s economic plans for improving the standard of living must be backed by quick responses.
