The Nation Newspaper FG will tackle liquidity, inflation, says Edun
The Federal Government has outlined its strategic plan to counter the challenges posed by excess liquidity in the financial system, curb inflation and stabilise economy.
Edun confirmed the administration’s commitment to tackling surplus money circulating within the economy, stating “We are determined to pin down Ways and Means to alleviate the pressure of excess money in the system.” “At 10 percent to GDP, what should I say? It would appear as if some people are not paying their taxes,” Edun remarked, underscoring the importance of leveraging technology and policy reforms to optimize tax collection efficiency.
“If we eliminate the large number of taxes and bill people properly, we will gain in terms of the people’s willingness to pay and you will collect more revenue,” Edun said, advocating for a strategic overhaul of the tax framework to enhance compliance and revenue generation.
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