Fashola Says FG Will Expand Tax Base To Meet Obligation

 Fashola Says FG Will Expand Tax Base To Meet Obligation

Babatunde Fashola, Minister of Power, Works and Housing  speaking at a forum/File
By Victor Ernest with agency report

The Minister of Power, Works and Housing, Babatunde Fashola, says the Federal Government will improve its revenue by expanding its tax base in order to meet its obligation to Nigerians.

He stated this at the 10th African Finance Corporation (AFC) Summit in Abuja on Wednesday.

The minister said it has become imperative as government has a key role in the provision of infrastructure.

According to him, history has proven that most of the infrastructure revolutions in the world were marshalled by the public sector.

”Investments in Shiroro, Kainji and Jebba power plants, Third Mainland Bridge and the National Stadium, were built with public fund.

”At some point in time, government can enable private sector to provide certain interventions in beneficial ways by opening up the room and scope of their activities,” he said.

Fashola said it was for this reason that many countries, including Nigeria, were going into concessional agreements and public-private partnerships. 

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