Reps Summon Finance Minister, DG Budget

 Breaking News

Reps Summon Finance Minister, DG Budget

Reps Summon Finance Minister, DG Budget
March 02
05:25 2021

The House of Representatives yesterday invited the Minister of Finance and the Director-General of the Budget Office of the Federation, to give a comprehensive report of duty waivers granted since 2014.

The House Public Accounts Committee gave the directive during the ongoing investigative hearing into the financial activities of ministries, departments and agencies, as well as private companies.

The hearing emanated from a query from the office of the Auditor-General over dwindling revenue for government.

The House gave the directive after quizzing a private company, Saipem Contracting Nigeria Limited, that works as contractor for various oil companies.

The lawmakers were concerned that the companies that Saipem was contracted to import for, got waivers under circumstances that seemed controversial.

Committee Chairman, Oluwole Oke, also said the benefiting companies should also cause appearance over the issue.

“The Minister of Finance and DG Budget would speak to these documents. Both of them should cause appearance. Let us ask DG Budget and Minister of Finance to give us a comprehensive brief on duty waivers they have issued in the period under review. We thought we would be seeing waiver letters to Saipem but rather we are seeing them to different companies you are working for. Give them two weeks. Also invite the beneficiaries of the duty waiver because we are only meeting their contractor here. So we can also research if the items qualify for waiver,” Oke said.

The House also summoned the Nigeria Customs Service to cause appearance when a company, Vixa Pharmaceuticals, revealed they were importing pharmaceutical products on zero duty.

“Are we saying these pharmaceutical products cannot be produced in Nigeria? Are we not killing local industries? When you have other companies that are producing in Nigeria, you are importing at zero duty. It means you are killing the local business.

“Clerk, invite the Customs, let them come and speak to us why duty on pharmaceutical goods are zero. Let them come and tell Nigerians why local pharmaceutical companies in the country are being taxed and somebody is bringing goods in without duty,” Oke said.

About Author



Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment