Federal Government (FG) said it has so far recovered N8.5bn through Nigeria’s whistle blower programme.
This was revealed by Finance minister Zainab Ahmed, saying $460m was also recovered from over a thousand investigations.
The Nigerian government’s whistleblower programme is an asset recovery strategy.
The policy which 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 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 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.
