Jimoh Ibrahim Tasks Tinubu On Creation Of Revenue Ministry
POLITICS DIGEST- Senator Jimoh Ibrahim representing Ondo South on the platform of the All Progressives Congress (APC) has advised President Bola Tinubu to consider creating a Ministry of Revenue to coordinate the activities of all revenue-generating agencies.
Senator Ibrahim’s advice is coming on the heels of preparation by the executive to assign portfolios to Ministerial nominees after their confirmation by the Senate.
The lawmaker gave the counsel when he paid the President a courtesy visit.
He also explained that the proposed ministry would help pull the country out of the current economic crisis it found itself in.
The Ondo Lawmaker and renowned businessman stressed that “There are many revenue-generating agencies in Nigeria today without a coordinating body or platform.
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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.
“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,” he said.
He added that the idea has been sold to President Bola Tinubu who according to him, saw the need for it in line with his pedigree on improved revenue generation
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 a window for improved revenue generation to fast-track the nation’s development.
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