By Levinus Nwabughiogu
ABUJA-In a bid to find urgent solution to the dripping economy, the Federal Government has approved a new tax regime.

It also gave its nod for the establishment of a task force on food security.

Both policies were formally approved by the Federal Executive Council, FEC on Wednesday.

Briefing State House Correspondents at the end of the meeting at the presidential Villa, Abuja, the Minister of Finance, Mrs Kemi Adeosun stated that the main thrust of the tax policy is to establish fundamental principles to guide an orderly development of the Nigerian tax system towards meeting its overall objectives.

Also briefing, the Minister of Information, Lai Mohammed said that the Task Force is saddled with the responsibility of finding a quick solution to the sky-rocking prices of food items in the country.

Details later