The Federal Government has resolved to audit the N23 trillion Ways and Means debt hanging on its neck.
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed this on Tuesday in Abuja.
He spoke at the ongoing Public Wealth Management Conference organised by the Ministry of Finance Incorporated.
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It will be recalled that it was recently revealed that the Central Bank of Nigeria gave N23 trillion Ways and Means to the immediate past administration of former President Muhammadu Buhari.
This was during the tenure of the suspended Governor of the CBN, Godwin Emefiele.
As a measure to wean itself from future Ways and Means indebtedness, the Federal Government, Edun said, will soon present a bill to the National Assembly that will authorise the removal of “all taxes and levies that constitute nuisance from the country’s tax system”.
The government, Edun added, will vigorously pursue policies that will allow it to harvest revenue in real time from Government Owned Enterprises and Corporate entities.
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