The Permanent Secretary in the Federal Ministry of Finance, Budget and National Planning, Malam Aliyu Ahmed, says more than 5,000 companies and individuals spread across 10 Ministries Departments and Agencies are owing the Federal Government about N5.2 trillion. Ahmed stated this at the zonal sensitisation workshop on Federal Government Debt Recovery Drive Through Project…
According to him, the debt came to the spotlight from data aggregated from ongoing debt aggregation efforts from more than 5,000 debtors across 10 MDAs by the Federal Ministry of Finance Budget and National Planning. According to him revenue loopholes have been aided by poor information sharing and enforcement those the need for this workshop to sensitise and educate participants to better ways of addressing tax evasion by companies and individuals for growth.