Federal Government has said that money accruing from the partial removal of subsidy was N462 billion.
The Director General Budget Office, Dr Bright Okogwu, who met with the Committee on Public Finance and Revenue, last Friday, at the on-going National Conference , suggested that the Value Added Tax (VAT) which is currently put at 5% be increased to 10%.
A statement issued by the Assistant Secretary Media and Communications, Akpandem James, said the purpose of the committees’ meeting with Okogwu was to give insights into the management of Federal Government fiscal operations and also know what the issues and challenges are.
