The ongoing sectoral debate on the economy in the House of Representatives has drawn the presence of prominent figures. Governor of the Central Bank of Nigeria, Yemi Cardoso, Minister of Finance Wale Edun, Executive Chairman of the Federal Inland Revenue Service (FIRS) Zacch Adedeji, and Minister of Budget and National Planning Abubakar Bagudu are currently engaged with lawmakers.
The focus of the debate is on various sectors, akin to the previous session’s spotlight on the Defence sector. In his address to the lawmakers, FIRS Chairman Zacch Adedeji assured that there would be no new taxes or increases in existing ones. Emphasizing that the FIRS is a revenue-collecting agency, he expressed confidence in surpassing the N19.2 trillion target outlined in the 2024 budget. Adedeji highlighted the agency’s challenges in recovering petroleum tax due to oil theft and production cuts.
At the time of this report, Governor Cardoso was addressing the legislature on foreign exchange (FX) volatility and market liquidity constraints, shedding light on critical economic aspects. The ongoing discourse underscores the significance of these leaders’ contributions to addressing Nigeria’s economic challenges.
