President Buhari orders finance ministry to sell all recovered assets
Nigeria President Buhari has ordered the sell of all recovered asset,
This was disclosed by the minister of budget and national planning, Senator Udo Udomma,
He said this during a budget defense with the joint committees on finance, appropriation, planning and economic development of the House of Representatives.
The minister said the government was determined to improve on the revenue profile of the country.
Below was what he said :
“The ministry of finance, working with all the relevant authorities, has been authorized to take action to liquidate all recovered, unencumbered assets within six months,”
Adding that the Department of Petroleum Resources (DPR) had been directed to complete the collection of oil licences and royalties with three months.
“The Department of Petroleum Resources has been directed to, within three months, complete the collection of past-due oil license and royalty charges, including those due from Nigerian Petroleum Development Company (NPDC) (a subsidiary of NNPC), which it had agreed to pay since 2017,” he said.
Also, Udoma told the joint committee that the president had directed that work be concluded on the deployment of the national trade window to enhance customs collections efficiency from the current 64% to up to 90% over the next few years.
President Buhari orders finance ministry to sell all recovered assets
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