President Muhammadu Buhari has instructed the Minister of Finance and the Central Bank of Nigeria to release the second portion of money of the London-Paris Clubs refunds to states.
The approval yesterday was the second portion of money of the London-Paris Club refunds to the states which the government said, is being given in order to relieve their financial struggles.
The President, together with Vice President Yemi Osinbajo, encouraged the governors to utilize the refund for the settlement of unpaid salaries and pension responsibilities of their workers.
Buhari greeted the governors and praised their unity. He showed appreciation over their display of love and respect to him.
The President said, “I will not rest until I address those issues that affect our people. One of these bais things is the issue of salaries. It is most important that workers are able to feed their families , pay rent and school fees, then other things can follow.”
After the NEC meeting, the Federal Inland Revenue Service (FIRS) revealed that it would start a new tax reform this May that would improve Nigeria’s national revenue by N306.7 billion.
The program known as the Nigerian Voluntary Asset and Income Declaration Scheme (VAIDS) will produce at least $1billion as government revenue within the next three years.