There were disagreements between members of the National Assembly on Monday regarding President Bola Tinubu’s loan requests.
This follows reports of several revenue-generating agencies of the Federal Government generating and exceeding their budgetary revenue targets for 2024.
On Monday, the Chairman of the Federal Inland Revenue Service, Zacch Adedeji, confirmed the Federal Government had generated ₦1.5 trillion in education tax, significantly surpassing the ₦70 billion target.
Adedeji shared this information during an interactive session with the joint Committees on Finance, Budget, and National Planning of the National Assembly, focusing on the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper.
In their individual presentations to the joint committees regarding the 2024 budget performance and revenue projections for the ₦49.7 trillion budget for 2025, the revenue-generating agencies reported exceeding their revenue targets for the 2024 fiscal…