N6 trillion budget is realizable says Prof. Anyanwu

Prof. Sarah Anyanwu, the Head of Economics Department, University of Abuja, told the News Agency of Nigeria (NAN) that the Fedeeral Government’s N6 trillion budget proposal for 2016 is achievable with prudent management of funds and transparency.

According to her, the budget was realizable if the Federal Government could reform its tax method and diversify the economy to generate more revenue to implement the budget.

She said; “The tax administration is very poor in Nigeria; some citizens pay their taxes, some do not pay at all and majority of those that are even paying are not paying the correct amount.

“I know civil servants pay their taxes correctly but some companies have been defaulting so the government should set up better machinery to collect correct taxes. We cannot continue to borrow; the government should also look for other forms of taxes to boost the revenue to fund the budget. We should also develop the non-oil sector such as telecommunication, tourism, agriculture, and solid minerals to generate employment in the country,”