✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live
SPONSOR AD

Ondo senator seeks establishment of revenue ministry

The senator representing Ondo South in the National Assembly, Jimoh Ibrahim, has called for the creation of Ministry of Revenue to serve as a coordinating…

The senator representing Ondo South in the National Assembly, Jimoh Ibrahim, has called for the creation of Ministry of Revenue to serve as a coordinating platform for all revenue-generating agencies.

This came ahead of federal cabinet formation with assignment of portfolios to the 48 ministerial nominees awaiting Senate’s confirmation.

In a statement on Sunday, Ibrahim said the establishment of the ministry had become imperative for the country to wangle its way out of the current socio-economic quagmire.

“There are many revenue-generating agencies in Nigeria today without a coordinating body or platform.

The Ministry of Finance is not giving the required mobilisation and coordination in this regard, hence the need for Ministry of Revenue.

“Nigeria definitely needs a national treasurer to be symbolised by the Federal Ministry of Revenue when created,” he said.

The lawmaker said the Ministry of Revenue, when created, would serve as one of the strategies through which the nation’s debt could be defrayed by serving as a window for improved revenue generation to fast-track the nation’s development.

“The nation’s debts of N77trn shouldn’t be a cause for worry considering the current debt to Gross Domestic Product ratio of less than 31 per cent and required innovative ideas of defraying it,” he added.

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.