Wale Edun, the minister of finance and coordinating minister of economy, says if the country records a solid revenue performance, it will return to the national assembly for appropriation of extra revenue in 2024.
Edun spoke when he appeared before the senate committee on finance, led by Sani Musa.
President Bola Tinubu had presented a N27.5 trillion budget proposal for 2024 to the national assembly about two weeks ago.
Speaking on the development, Edun said the revenue performance of the country is encouraging, adding that “it is expected to continue”.
“There is a fiscal policy and tax reform committee that is already at work,” Edun said.
“It is meant to provide fundamental change together with digitalisation and greater efficiency in collection because it is revenue-to-debt that can allow us to increase this budget.
“If we have a solid revenue performance, we will come back, and I’m sure Mr President will authorize the process to return to the national assembly to appropriate extra revenue. That is a situation we are all looking forward to.”
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