Politics
FG , States Now Share Over 1trn After Subsidy Removal – Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the revenue inflows into the federation account has hit over N1 trillion.
Edun made the disclosure on Monday at the opening ceremony of a four-day retreat organized for members of the Federation Account Allocation Committee (FAAC) in Asaba, Delta State.
The minister linked the improvement in revenue to the removal of fuel subsidy which took place on May 29, 2023.
The Permanent Secretary, Finance, Special Duties, Mr Okokon Udo, who represented the minister said subsidy has not been sustainable in Nigeria as it eroded the nation’s finances which should have been channelled into more infrastructural development.
He said, “We all know that achieving tax revenue to Gross Domestic Product (GDP) target of 22% and tax to GDP of 18% by 2026 are parts of the cardinal objectives of this administration.
“What is necessary to be done is to broaden the tax base, simplify and streamline tax administration for ease of collection.”
He agreed that the policies of president Tinubu has so far caused hardship in the country but said he is optimistic it would soon be a thing of the past as Nigerians will smile in future .
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Governor Fintiri Pardons Nine Inmates, Commutes Death Sentence to Mark Nigeria’s 66th Independence Anniversary In commemoration of Nigeria’s 66th Independence Day celebration, Governor Ahmadu Umaru Fintiri of Adamawa State has granted pardons to nine inmates serving various terms in correctional facilities across the state. A statement issued by the Chief Press Secretary to the Governor, Humwashi Wonosikou, said the Governor ordered the immediate release of the pardoned inmates, noting that all legal formalities had been concluded with the Nigerian Correctional Service. “The Governor acted on the advice of the Advisory Committee on the Prerogative of Mercy and in exercise of the powers conferred on him by Section 212(1)(d) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended),” the statement said. According to the statement, those granted pardon and discharged include Abubakar Dajo, who was serving at the Maximum Security Custodial Centre, Jos; Zabadi Ayuba and Salvation Nyamso, both serving at the Numan Custodial Centre. Others are Amir Idris, Mohammed Saidu, Yaro Sambo, Buhari Salisu, Urube Samuel and Bamaiyi Amos, who were discharged from the Jimeta, Ganye, Guyuk, Yola Old and Kojoli Custodial Centres, respectively. In addition to the pardons, Governor Fintiri approved the commutation of the death sentence imposed on one inmate, Saidu Abdullahi of the Yola Old Custodial Centre, to life imprisonment. The Governor’s action, the statement noted, was in the spirit of the Independence anniversary and reflects the government’s commitment to mercy, justice and the rehabilitation of offenders. The pardons and commutation take immediate effect, the statement added.
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Governor Fintiri Pardons Nine Inmates, Commutes Death Sentence to Mark Nigeria’s 66th Independence Anniversary In commemoration of Nigeria’s 66th Independence Day celebration, Governor Ahmadu Umaru Fintiri of Adamawa State has granted pardons to nine inmates serving various terms in correctional facilities across the state. A statement issued by the Chief Press Secretary to the Governor, Humwashi Wonosikou, said the Governor ordered the immediate release of the pardoned inmates, noting that all legal formalities had been concluded with the Nigerian Correctional Service. “The Governor acted on the advice of the Advisory Committee on the Prerogative of Mercy and in exercise of the powers conferred on him by Section 212(1)(d) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended),” the statement said. According to the statement, those granted pardon and discharged include Abubakar Dajo, who was serving at the Maximum Security Custodial Centre, Jos; Zabadi Ayuba and Salvation Nyamso, both serving at the Numan Custodial Centre. Others are Amir Idris, Mohammed Saidu, Yaro Sambo, Buhari Salisu, Urube Samuel and Bamaiyi Amos, who were discharged from the Jimeta, Ganye, Guyuk, Yola Old and Kojoli Custodial Centres, respectively. In addition to the pardons, Governor Fintiri approved the commutation of the death sentence imposed on one inmate, Saidu Abdullahi of the Yola Old Custodial Centre, to life imprisonment. The Governor’s action, the statement noted, was in the spirit of the Independence anniversary and reflects the government’s commitment to mercy, justice and the rehabilitation of offenders. The pardons and commutation take immediate effect, the statement added.
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