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The Acting President, Prof. Yemi Osinbajo, SAN, today signed the 4th Executive Order on Tax Amnesty to tax defaulters. The Federal Government had earlier on Thursday launched its Voluntary Asset and Income Declaration Scheme (VAIDS) to broaden the country’s tax base and offer incentives for tax evaders.

The Minister of Finance, Kemi Adeosun

The Federal Government says it has commenced the training of 7,500 graduates set to be deployed to rural communities for enforcement of tax laws. The Minister of Finance, Kemi Adeosun who made this disclosure after visiting the first batch of about 27 graduates selected from the N-Power social intervention scheme for the exercise stated that the aim of the move was to increase the nation's Internally Generated Revenue (IGR) while reducing over dependence on oil revenue.

The Central Bank of Nigeria (CBN) on Friday, June 23, 2017 said the apex Bank and the Nigeria Communications Commission (NCC) have decided to intervene in the deepening crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated loan of about US$1.2 billion granted the telecom company by the banks, in order to prevent job losses and asset stripping.

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