Skip to content
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Watch Online
  • Home
  • Business & Economy
  • 5,000 individuals, parastatals in 10 MDAs owe FG N5.2 trillion
  • Business & Economy

5,000 individuals, parastatals in 10 MDAs owe FG N5.2 trillion

Admin December 16, 2022
Viable states

Zainab-Ahmed-Finance-Minister

Viable states
Zainab-Ahmed-Finance-Minister

By Aminu Garko

The Permanent Secretary in the Federal Ministry of Finance, Budget and National Planning, Malam Aliyu Ahmed, says more than 5,000 entities and individuals spread across 10 Ministries Departments and Agencies (MDAs) are owing the Federal Government about N5.2 trillion.

Ahmed stated this at the zonal sensitisation workshop on Federal Government Debt Recovery Drive Through Project Lighthouse Programme held in Minna.

According to him, the debt came to the spotlight from data aggregated from ongoing debt aggregation efforts from more than 5,000 debtors across 10 MDAs by the Federal Ministry of Finance Budget and National Planning.

Represented by the Director, Special Projects, Mr Victor Omata, he explained that the lighthouse initiative which was initiated by the ministry had enabled the aggregation of relevant economic and financial information from multiple agencies that, hitherto, did not share data.

Ahmed further said that all the recoveries made during the ongoing debt recovery effort of the Federal Ministry of Finance Budget and National Planning went to the Federal Inland Revenue Service (FIRS) for prompt action.

According to him revenue loopholes have been aided by poor information sharing and enforcement those the need for this workshop to sensitise and educate participants to better ways of addressing tax evasion by companies and individuals for growth.

Gov. Abubakar Bello of Niger described the initiative by the Federal Ministry of Finance Budget and National Planning as apt timely and appropriate.

Represented by Secretary to Niger State Government Ahmed Matane, the governor frowned at ways individuals and companies, sometimes, deliberately refused to pay taxes to relevant government bodies.

He promised that the Federal Ministry of Finance Budget and National Planning of Niger would continue to support the ministry.

The workshop which was more of an interactive saw the presentation of various papers such as Public Finance Sustainability, among others, by many resource persons.(NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: debt Gov. Abubakar Bello Malam Aliyu Ahmed MDAs Mr Victor Omata

Post navigation

Previous INEC records 50 attacks in 15 states in 3 years – Reps hear
Next Recruitment: NLNG announces vacancies for engineers, lawyers, ICT experts, others

Related Stories

NNPCL receives C-of-O for Edo Refinery; Okpebholo lists benefits 
  • Business & Economy

NNPCL receives C-of-O for Edo Refinery; Okpebholo lists benefits 

November 14, 2026
Asia buys up African, Brazilian oil as shipping costs fall
  • Business & Economy
  • Music

Asia buys up African, Brazilian oil as shipping costs fall

November 13, 2026
Stock market sheds N293bn as profit-taking lingers; Okomu oil, NASCON lead losers
  • Business & Economy

Stock market sheds N293bn as profit-taking lingers; Okomu oil, NASCON lead losers

November 12, 2026

You may have missed

NNPCL receives C-of-O for Edo Refinery; Okpebholo lists benefits 
  • Business & Economy

NNPCL receives C-of-O for Edo Refinery; Okpebholo lists benefits 

November 14, 2026
FCCPC Seals Abuja Real Estate Firm Over Undelivered N140m Duplex
  • National News

FCCPC Seals Abuja Real Estate Firm Over Undelivered N140m Duplex

November 13, 2026
Court Admits Supreme Court Judgment on Forfeited Properties in Emefiele’s $4.5bn Trial FG vs ASUU
  • National News

Court Admits Supreme Court Judgment on Forfeited Properties in Emefiele’s $4.5bn Trial

November 13, 2026
Ebola: 62 contacts complete monitoring without secondary transmission federal capital territory
  • National News

Ebola: 62 contacts complete monitoring without secondary transmission

November 13, 2026
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Copyright © All rights reserved. | DarkNews by AF themes.