The Minister of Finance Zainab Ahmed said the Federal Government has devised a new revenue initiative to increase revenue to fund the 2019 budget.
She told member of the National Assembly Committees’ on Appropriation that the initiative is divided into three areas and appealed for the support of the National Assembly.
The Minister explained that the first area is sustainability in revenue generation and second one is to identify new and enhance the enforcement of existing revenues streams, while the third area is achieving cohesion in the revenue ecosystem.
Zainab did not state the details of the new taxes. She noted that the federal government is making efforts to ensure that the performance of the 2019 budget exceeds that of 2018.