Senator representing Ondo South, Jimoh Ibrahim has asked President Bola Ahmed Tinubu ahead of Cabinet formation to the assignment of portfolios to the 48 Ministerial nominees awaiting Senate confirmations to create a Ministry of Revenue. CHAMPION NEWSPAPERS reports.InformationGuideNigeria
Senator Jimoh Ibrahim gave the advice for the creation of the Revenue Ministry when he paid the President a courtesy visit.
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” The Ministry of Finance is not giving the required mobilisation and coordination in this regard, hence, the need for the Ministry of Revenue.JAMB Portal
” Analogically , in Nigeria over the years, we have the Ministry of Finance more or less playing the role of Bursar disbursing all the monies remitted into national coffers by generating agencies but there is no Treasurer to keep proper records of revenues generated by the various affected agencies and give them the required impetus to generate more.JAMB Result
” Nigeria definitely needs a national treasurer to be symbolised by the Federal Ministry of Revenue when created “, he posited .
He added that the idea has been sold to President Bola Tinubu who according him, saw the need for it in line with his pedigree on improved revenue generation.NYSC Portal
He posited further that 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 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 percent and required innovative ideas of defraying it “, he added.
