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.
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