Subsidy removal: FG records over N1trn monthly revenue flow — Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed that the Federation Account has witnessed improved revenue inflow since the removal of fuel subsidy from an average of N650 billion monthly to over N1 trillion in the last four months. The Minister said this on Monday at the opening ceremony of a two-day retreat for Federal Account Allocation Committee (FAAC) organised by the Federal Ministry of Finance in collaboration with Delta State Government, with the theme, “Creating Resilient Economy through Diversification of the Nation’s Revenue”. Edun who was represented by the Permanent Secretary Finance, Okokon Ekanem Udo, stated that the choice of the retreat’s theme reflects the directive given by President Bola Ahmed Tinubu’s administration to domestic revenue mobilisation and very timely. Stephen Kilebi Director (Press and Public Relations) in a statement said the retreat is holding at the Dome Event Centre, Asaba, Delta. The Minister said that