Nigerian government will audit debt of N23 trillion in ways and means

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The government of Nigeria has made the decision to audit the N23 trillion Ways and Means debt that hangs over it.

This was declared during the Ministry of Finance Incorporated’s current Public Wealth Management Conference by Wale Edun, Minister of Finance and Coordinating Minister for the Economy.

According to Edun, the Federal Government will soon submit a bill to the National Assembly that would allow the elimination of “all taxes and levies that constitute nuisance from the country’s tax system” in an effort to wean itself out of future Ways and Means debt.

The minister stated that the government will actively work to implement rules that will enable it to collect money from corporate and government-owned enterprises in real time.

Details soon…

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