Finance Ministry Denies Halting Revenue Agencies’ Cost of Collection Deductions
[NigerianEye - Nigeria] - 11/10/2025
The Federal Ministry of Finance has refuted recent media reports claiming that the Federal Government has stopped revenue-generating agencies, such as the Federal Inland Revenue Service (FIRS), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Nigeria Customs Service (NCS), from deducting their cost of collection at source. In a press statement issued on October 8, 2025, the Ministry labeled these reports as inaccurate and misleading.The statement clarified that the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, made no such (…)
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