Nigerian Senate Moves To Review Waivers, Tax Holidays, Concessions Granted To Corporate Bodies, Warns Wasteful Agencies | Sahara Reporters

President of the Nigerian Senate, Ahmad Lawan, has lamented that the country generates abysmally low revenue and thus relies on loans to execute projects and for infrastructural development. Lawan made this known on Thursday while delivering an address to mark the celebration of his 64th birthday in Abuja.

Nigerian Senate Moves To Review Waivers, Tax Holidays, Concessions Granted To Corporate Bodies, Warns Wasteful AgenciesLawan made this known on Thursday while delivering an address to mark the celebration of his 64th birthday in Abuja.

The Senate President, while lauding the efforts of the federal government in the area of infrastructural development, underscored the need to improve revenue generation and adequately sustain its collection, a statement issued by Dr. Ezrel Tabiowo, Special Assistant to the Senate President said. "I think we have to work hard to improve our revenue generation and collection because it is not looking too sustainable that we tolerate people and some agencies of government, to misapply or not even declare the revenues they collect. We can't continue with that," Lawan said.

Lawan noted that doing so would provide more revenue to government and boost to the nation's economy. "Where a waiver cannot be justified anymore because of our present circumstance, then such waiver should be reversed or renegotiated. But definitely, we need to work hard to improve the revenue generation and collection by the MDAs and other government agencies."According to him, the Ninth Assembly after its inauguration, stated its commitment to working for Nigerians with a robust legislative agenda that covered critical areas in need of immediate intervention.

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