Emma Ujah, Abuja Bureau Chief 

The Federal Government intends to audit the N23 trillion Ways and Means.

Ways and Means is the expression for money borrowed by the federal government from the Central Bank of Nigeria (CBN).

The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, disclosed this at the opening of the Public Wealth Management Conference today in Abuja.

According to the minister, the decision to audit the federal government debt to the CBN was to ensure that the federal government was not made to pay for funds it did not spend.

The minister said that the administration was working hard to make the Nigerian business space more attractive to investors by eliminating all unnecessary taxes.

Mr. Esun also said all government-owned enterprises (GOEs) would be made to up their game in revenue generation.

In addition, Nigerian National Petroleum Corporation Limited, he disclosed, has been asked to improve oil output with a view to increasing oil revenue in the country.

Details later…