TINUBU ORDERS REVIEW OF REVENUE DEDUCTIONS BY NNPCL, FIRS, CUSTOMS, NIMASA, OTHERS

Tinubu Moves to Boost Revenue, Curb Waste, and Drive $1 Trillion Economy Vision.

Nigeria Revenue streams Economic growth National development Investment.
President Bola Tinubu
President Bola Tinubu



President Bola Tinubu has launched a bold initiative to optimize Nigeria’s revenue streams, stimulate economic growth, and attract greater investment. The move aims to boost public savings, reduce waste, and channel funds into critical areas that drive national development.

The directive, announced by Finance Minister Wale Edun, targets key revenue-generating agencies, including the Nigerian National Petroleum Company Limited (NNPCL), the Federal Inland Revenue Service (FIRS), the Nigeria Customs Service, and the Nigerian Maritime Administration and Safety Agency (NIMASA). The goal is to ensure accountability, efficiency, and transparency in the management of Nigeria’s natural resources and revenue.

President Tinubu reaffirmed his commitment to building a $1 trillion economy by 2030, with a focus on achieving at least 7% annual economic growth from 2027. To reach this ambitious target, the administration is prioritizing savings and strategic investment.

The President’s vision also includes the Renewed Hope Ward Development Programme, a groundbreaking initiative designed to empower citizens at the grassroots level. This micro-level poverty reduction strategy will provide tools, resources, and support to economically active citizens, enabling them to lift themselves out of poverty.

With this proactive approach, President Tinubu is demonstrating his dedication to unlocking Nigeria’s full economic potential, driving sustainable development, and improving the lives of all citizens.

Comments

You must be logged in to comment.