Bagudu said the council has approved the 2024-2025 medium-term expenditure framework and fiscal strategy papers .Wale Edun, the minister of finance and coordinating minister of the economy, says the federal executive council has approved a $1.58 billion on Thursday, said it will disburse £150 billion by 2027 through its global gateway initiative to enhance infrastructure in over eight sectors in Nigeria and other African countries.
In a statement last week, Zacch Adedeji, the FIRS chairman, said the move would enhance tax compliance and revenue collection in the country. VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain — from production to the point of sale.The federal executive council has projected that Brent crude oil price will depreciate and the naira will recover significantly against the dollar in 2024.
Atiku Bagudu, minister of budget and planning, spoke about the federal government’s outlook for the exchange rate and crude oil price after the council’s meeting on Monday. According to Bagudu, FEC established a reference price of $73.96 per barrel for crude oil and an exchange rate of N700/$ as key assumptions forClick on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!