In efforts to generate N203.37 billion to meet its revenue target, President Muhammadu Buhari has directed the Federal Ministry of Finance to sell all recovered and liability-free assets in six months.
The 2019 budget has an estimate of N8.83tn, made up of N4.04tn for recurrent expenditure, N2.03tn for capital expenditure and N2.14tn for debt servicing, according to Punch.
Mr. Udoma Udo Udoma, former Minister of Budget and National Planning on Tuesday made the disclosure while briefing House of Representatives Joint Committee on Finance, Appropriation, Planning, and Economic Development.
He said the recovered assets are those seized from some ex-government officials and politicians in the course of the anti-corruption fight by the present Administration.
Udoma added that the Department of Petroleum Resources (DPR) has also been authorized to complete the collation of due oil licenses including those from the Nigerian Petroleum Development Company (NPDC) in three months.
According to him, the president also ordered that the deployment of the National Trade Window should be concluded to enable customs collection efficiency from 64 percent to 90 percent in the next few years.
