National
Zainab Ahmed: FG Has Recovered N53bn Out Of N5.2trn Debt From MDAs
Minister of finance, budget, and national planning, Zainab Ahmed has revealed that the federal government has recovered N53.5 billion out of N5.2 trillion owed by its ministries, departments, and agencies (MDAs).
Ahmed disclosed this on Monday at the formal launch of Project Lighthouse Debt Analytics and Reporting Platform in Abuja.
She stated that the project entails using advanced data mining and analytics techniques to identify tax defaulters, establish their tax liabilities and send notifications to appropriate authorities for necessary actions.
The minister added that the ministry was leveraging a multi-layer data mining effort to recover huge debts owed to the federal government by various MDAs.
Through the efforts of the project, she said, the government had been able to aggregate huge debts of approximately N5.2 trillion owed by MDAs, out of which N53.5 billion had been recovered in the last 12 to18 months.
Ahmed stated that the figures came up from data aggregated from over 5,000 debtors across 10 MDAs.
-
Politics6 days agoSouth-South Govs Meet In Yenagoa, Urge FG To Review Power Situation
-
Business6 days agoWhy CBN Banned Opay, Palmpay, Kuda Bank, Moniepoint From Boarding New Customers
-
News3 days agoAttack on nurse: Enugu Assembly moves to regulate activities of masquerades
-
Politics7 days agoKogi gov, Ododo used immunity to protect Yahaya Bello from EFCC arrest – Oshiomhole
-
Entertainment7 days ago‘Disrespectful’ – Mr Macaroni slams Wizkid for shading Don Jazzy
-
Niger Delta6 days agoRE: PROTEST AGAINST PAP BOSS DR DENNIS OTUARU, AN UNNECESSARY DISTRACTION THAT SHOULD NOT BE TAKEN SERIOUSLY.
-
Politics6 days agoFormer IYC Scribe Congratulates Hon. Maxwell Ebibai on Reappointment as Bayelsa Commissioner for Finance.
-
Politics6 days agoHon. Alapala Felicitates with Commissioners for successful inauguration and thank the governor for their appointments.