Federal government said it has so far recovered N8.5bn (Eight point five billion naira) through Nigeria’s whistle blower policy.
Finance minister Zainab Ahmed, who disclosed this, said four hundred and sixty million dollars was also recovered from over a thousand investigations.
Correspondent Lara Afolayan reports that the Nigerian government’s whistleblower programme is an asset recovery strategy.
The policy allows anyone with information about violation of public regulations and mismanagement of Public funds to report it.
The fiscal authorities also reveal that N27.4bn (twenty seven point four billion naira) in interest free loans have reached one point one million Nigerians through the trader moni and other schemes.
Meanwhile, Nigeria’s debt service to revenue ratio remains unsatisfactory to government.
The debt management office is now working to cut down down on borrowing.
The fiscal authorities said public institutions caught funding elections will be penalized.
The country’s tax reforms have pushed up the number of tax payers to nineteen million.
Government said tax rates will not be increased but the tax base will be broadened.
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