CITN Advises FG On Use Of £246m

The Chartered Institute of Taxation of Nigeria (CITN) has appealed to the Federal Government to use the United Kingdom grant of £246 million (N61 billion) judiciously.

Mr Sunday Jegede, the President of the institute, made the appeal in an interview with our correspondent on Tuesday in Lagos.

Jegede said that the grant should be used to support the girl education, peace, agriculture and women empowerment.

He said that the problem of the country was not getting loans and grants, but inability to effectively deploy them for the purpose they were meant.

“The problem of the country is not with any of these, but sincerity of purpose in its application and diversification,” he said

He urged President Goodluck Jonathan to ensure the grant was used for its purpose as it would go a long way in reducing infrastructural decay in the country.

“The Federal Government must be cautious in the application of this grant as it will help boost Nigerians’ confidence in the leadership,” he said

Jegede attributed the growing cases of fiscal indiscipline in the country to failure to persecute corrupt leaders

Reports say that the Federal Government on March 26 reportedly received £246 million (about N61 billion) grant from the government of the United Kingdom to boost the development of projects.

The grant, being provided under the UK Development Assistance Programme, is specifically targeted at helping Nigeria meet the Millennium Development Goals and the transformation agenda of President Jonathan.