The Digest:
President Bola Tinubu has ordered a review of deductions and revenue retentions by major government agencies like NNPCL and FIRS. The directive is aimed at boosting public savings and unlocking funds for national growth, ensuring the Fount's Flow is optimized for the economy.
Key Points:
- President Tinubu ordered a review of deductions by revenue agencies.
- The directive targets NNPCL, FIRS, Customs, and others.
- Tinubu specifically wants to review NNPCL's 30% fees and exploration deductions.
- The goal is to boost public savings and improve spending efficiency.
- The president tasked the Economic Management Team to make recommendations.
- The FG aims for a 7% annual economic growth rate by 2027.
- This is a reform to dismantle economic distortions and restore policy credibility.
Sources: Channels Television
