The monetary policy committee of the Central Bank of Nigeria is asking the Federal Government to consider the sale of its redundant public assets as part of efforts to increase its revenue base.
Speaking at a news conference after the monetary policy committee meeting in Abuja, the Central Bank Governor, Mr Godwin Emefiele, said the sale of redundant public assets would create significant revenue for government and resuscitate the redundant assets to generate employment and contribute to the nation’s economic growth.
READ ALSO: MPC Retains MPR At 13.5%
Mr Emefiele applauded the Federal Government’s plan to increase the value added tax from five percent to seven point five percent.
He said the increase would improve fiscal revenue to support expenditure and reduce the budget deficit and government borrowing when implemented.
The illicit scheme involved affixing pre-printed Eva labels onto the bottles and sealing them with…
The uncle of the new president and his namesake Diomaye Faye said that running as…
They expressed their displeasure at the direction of events unfolding politically in the state and…
He has no major convictions but has long been trailed by allegations of physical assault,…
"A military plane has fallen into the sea," Governor Mikhail Razvozhayev said in a post…
He listed the enforcement locations to include Costain, Ikorodu Road, Ojuelegba, Yaba, Oyingbo, Ikeja, and…