Home BUSINESS Obasanjo gives clue on how to solve economic problems

Obasanjo gives clue on how to solve economic problems

297
0

ObasanjoFormer President of Nigeria, Chief Olusegun Obasanjo, has called for merging of government’s Ministries, Departments and Agencies (MDAs) as part of efforts to curb wastage of scarce resources, futher stating that government need to block all forms of financial leakages due to the dwindling revenue.

Obasanjo made the call on Tuesday in Abeokuta while addressing members of the Joint Tax Board who paid him a courtesy call at his Hilltop residence.

He also advised that the various states should increase their revenue generating drive and ensure that taxpayers money were utilised to provide necessary infrastructure for benefit of all citizens.

READ ALSO  UBA Africa Gets New CEO As Bank Announces Appointments to Group Board and Africa Operations

“When times are hard, that is when governments need increased drive for internally generated revenue.

“They have to look into ways of becoming slimmer and also bring together establishments or institutions which cannot continue to exist separately.

“They should also ensure that the funds generated from taxes are well utilised.

“I think these are some of the things we have to do to get us out of the tight situation that we are all in,” he said.

Mr Babatunde Fowler, Chairman of the Joint Tax Board noted that tax earnings available to the Federal Government had increased through a renewed drive by the board.

READ ALSO  Naira loses ground against dollar

He gave assurance that Nigerians would continue to benefit from the laudable projects financed through funds from taxes.

(NAN)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.