The National Assembly will reconsider ongoing tax waivers and concessions to vet the eligibility of the beneficiaries.
This, it said, will widen the federal government’s revenue streams to finance the implementation of the 2023 appropriation act.
Senate President Ahmed Lawan revealed this shortly after the President, signed into law the 2023 Budget along with the 2022 Supplementary Appropriation Bill.
Lawan argued that implementing the 2023 budget will require considerable internal resource mobilization in the next five months.
Therefore, the legislature will revisit all existing tax waivers and vet the eligibility of all beneficiaries.
This, he said, will form part of efforts to raise revenue without yoking Nigerians with more taxes.