Nigeria’s revenue didn’t drop by 65%, Falana tackles finance minister

The Chairman, Alliance for Survival of COVID-19 and Beyond, Mr. Femi Falana , has faulted the claims made by the Minister of Finance, Budget and National Planning, Zainab Ahmed, that Nigeria’s revenue dropped by 65 per cent.

Ahmed had further stated that this was the primary cause of the removal of the petrol subsidy and the deregulation of the sector. “It noted that the 2020 budget includes a benchmark oil price of $30 which compares to actual international prices now of around $40. He added that the Value Added Tax in July was higher than June, indicating that other government revenues were also increasing despite the COVID-19 pandemic.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Minister: 30 sectors showed negative growth in H1The Minister of Finance, Budget and Natural Planning Minister, Mrs. Zainab Ahmed on Wednesday said 30 sectors of the economy showed negative growth in the first half of the year.
Source: TheNationNews - 🏆 6. / 69 Read more »

Revenue agencies’ exclusion from budgetary allocation?A report the other day revealed that the Senate was planning to advise the Federal Ministry of Finance, Budget and National Planning to exclude about 60 revenue generating
Source: GuardianNigeria - 🏆 1. / 94 Read more »