No fewer than 5,000 companies and individuals across 10 Ministries Departments and Agencies (MDAs) are owing the Federal Government about N5.2 trillion.
The Permanent Secretary in the Federal Ministry of Finance, Budget and National Planning, Aliyu Ahmed, disclosed this at the zonal sensitisation workshop on Federal Government Debt Recovery Drive Through Project Lighthouse Programme held in Minna, the Niger State capital on Friday.
Ahmed noted that the debt came to the spotlight from data aggregated from ongoing debt aggregation efforts from more than 5,000 debtors across 10 MDAs by the Federal Ministry of Finance Budget and National Planning.
The Permanent Secretary, who was represented at the event by the Director, Special Projects, Victor Omata, said the lighthouse initiative which was initiated by the ministry had enabled the aggregation of relevant economic and financial information from multiple agencies that, hitherto, did not share data.
READ ALSO: FG declares Dec 26, 27, Jan 2 as public holidays
Ahmed stated that all the recoveries made during the ongoing debt recovery effort of the Federal Ministry of Finance Budget and National Planning went to the Federal Inland Revenue Service (FIRS) for prompt action.
Speaking at the event, Niger State Governor, Abubakar Bello, described the initiative by the Federal Ministry of Finance Budget and National Planning as timely and appropriate.
Bello, who was represented by the Secretary to Niger State Government, Ahmed Matane, frowned at ways individuals and companies, sometimes, deliberately refused to pay taxes to relevant government bodies.
He promised that the Federal Ministry of Finance Budget and National Planning of Niger State would continue to support the ministry.
The operatives of the Yobe State Police Command have arrested a man, Yunus Isa, for…
Manchester City will face Arsenal in a showdown between the Premier League title favourites on…
A 40-year-old man, Jibrin Adamu, has committed suicide by hanging himself in a classroom at…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has declared its readiness to…
The Nigerian Railway Corporation (NRC) generated N1.69 billion as revenue from passengers in the second…
French club Monaco defeated 10-man Barcelona by grinding out a 2-1 victory in the Champions…
This website uses cookies.