The Federal Executive Council Wednesday rose from its weekly virtual meeting presided over by Vice President Yemi Osinbajo at the State House, Abuja, with the approval of a new revenue base that will see the country generate N3.8 trillion from non-oil and N160 billion from oil sectors annually.
He said: “Among several of the memos presented today, was the one by the Minister for Finance, Budget and National Planning on accelerating revenue mobilization reforms, which is a derivative of the federal government’s strategic revenue growth initiative. Akande said other significant memos presented by the Attorney General of the Federation and MinisterofJustice, Abubakar Malami, which was approved by Council, is on the ascension of Nigeria to the Budapest convention on cybercrime.
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