Fi­nance c’ttee in­vites CBN, FIRS, oth­ers

Daily Trust - - NEWS - By Fran­cis Okeke

The Com­mit­tee on Pub­lic Fi­nance and Rev­enue yes­ter­day in­vited of­fi­cials of the Cen­tral Bank of Nigeria ( CBN) and Depart­ment of Petroleum Re­sources to ap­pear be­fore it to con­trib­ute to the work it is do­ing.

Com­mit­tee Chair­man, Adamu Aliero, said the Joint Tax Board, Federal In­land Rev­enue Ser­vice, Debt Man­age­ment Of­fice, Nigeria Cus­toms Ser­vice, Rev­enue Mo­bil­i­sa­tion Al­lo­ca­tion and Fis­cal Com­mis­sion and oth­ers will also make pre­sen­ta­tions.

The com­mit­tee, which will fo­cus on do­mes­tic and ex­ter­nal debt, tax ad­min­is­tra­tion, tax con­tri­bu­tion, in­ter­nally gen­er­ated rev­enue, ex­ter­nally gen­er­ated rev­enue, reg­u­la­tion of ex­ter­nal bor­row­ing by states and lo­cal gov­ern­ments and pro­duc­tiv­ity, has Se­na­tor Azu Ag­boti as deputy chair­man.

Com­mit­tee mem­bers, af­ter de­lib­er­at­ing on the how to im­prove ef­fi­ciency and trans­parency in rev­enue gen­er­a­tion agreed to go through all past re­ports of re­lated com­mit­tees, say­ing it will also de­sign roadmaps on re­duc­ing de­pen­dence on petrol as source of rev­enue.

Sergeant Awuse, a del­e­gate from Rivers State urged com­mit­tee to come up with a guide­line that re­duces the cost of rev­enue collection.

“We have to look at the cost of collection of rev­enue; is our own mea­sur­able with what is ob­tained in­ter­na­tion­ally? It is also im­por­tant that we ex­plore other re­sources to ex­pand our rev­enues. It should not just be oil; the Federal Govern­ment should be able to put money to de­velop some of our re­sources,” he said.

PHOTO: IKECHUKWU IBE

Co- Chair­men re­tired Gen. Ike Nwachukwu (left) with Mo­hammed Ku­malia, dur­ing the com­mit­tee on po­lit­i­cal re­struc­tur­ing and forms of govern­ment meet­ing at the Na­tional Con­fer­ence in Abuja yes­ter­day.

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