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RECENTLY, ahead of the presentation of the 2020 Appropriation Bill by President Muhammadu Buhari,  the Senate passed the Medium Term Expenditure Framework and Fiscal Strategy Paper. Speaking on the occasion, Senate President Ahmad Lawan stated that lack of funds had always been responsible for the poor implementation of budgets in the country. While stressing the need for economic diversification that would take the pressure off crude oil and enhance budget implementation, he urged the Federal Inland Revenue Service (FIRS) to ensure that more Nigerians and corporate entities paid taxes so as to increase government revenue.

The administration mouths a departure from dependence on oil…

Source: Nigerian Tribune