Reps Ask Executive To Audit Revenue Sources

The House of Representatives has urged the Executive to undertake a comprehensive audit of all government’s sources of revenue.

According to the lawmakers, an audit would assist the Federal Government in exploring other sources of revenue.

Nigeria largely depends on crude oil sales as its major source of revenue, a situation the the current administration said it was making efforts to shift away from.

The request for the audit was part of issues discussed at plenary on Wednesday.

The House said it would also enable the National Assembly track the revenue sources for the purpose of making appropriate budgetary decisions.

It also urged the Executive to ensure that the report of the audit was submitted to the National Assembly within the next ninety days.

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The lawmakers’ demand is coming on the same day it said it would pass the 2016 budget on March 17