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[UPDATE] Kebbi Governor Expresses Confidence In Tinubu’s Ability To Increase Revenue Without Tax Surge

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2 years ago

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Badaru Bagudu and Lalong

The Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, assured that President Bola Tinubu’s administration would enhance Nigeria’s revenue and double the economy without tax increases. Bagudu conveyed this pledge during an interview with Arise Television on Friday…..CONTINUE READING

 

 

 

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Atiku Bagudu

He emphasized that the 2024 budget, with its focus on increased capital expenditure and a reduction in the deficit, signifies a significant improvement, as recognized by global rating agencies.

Bagudu addressed the nation’s revenue challenges, expressing confidence in President Tinubu’s realistic ambitions to stimulate economic growth and enhance public investments without raising tax rates.

Discussing the 2024 budget, Bagudu highlighted its alignment with the Renewed Hope Agenda, drawn from a national consensus recognizing the need for accelerated economic growth.

He referred to Agenda 2050, a long-term perspective plan developed collaboratively by various stakeholders, emphasizing the necessity to mobilize private capital for sustained economic development.

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Bagudu stressed the importance of a plan-based budget, outlining the institutional realignment that supports the 2024 budget’s focus on macroeconomic stability and private sector confidence.

The minister underscored the significance of the budget’s provision for increased capital expenditure and a notable reduction in the deficit, leading to improved global outlook and investor confidence.

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