The National Assembly will reconsider ongoing tax waivers and concessions to vet the eligibility of the beneficiaries.

This, it said, will widen the federal government’s revenue streams to finance the implementation of the 2023 appropriation act.

Senate President Ahmed Lawan revealed this on Tuesday shortly after the President Muhammadu Buhari signed into law the 2023 Budget of N21.83tn along with the 2022 Supplementary Appropriation Bill.

Buhari signed the 2023 transition budget at the Council Chambers of the Presidential Villa, Abuja, in the presence of Vice President Yemi Osinbajo, Speaker of the House of Representatives, Femi Gbajabiamila, and other members of the Federal Executive Council. Lawan argued that implementing the 2023 budget will require considerable internal resource mobilisation in the next five months.

Therefore, the legislature will revisit all existing tax waivers and vet the eligibility of all beneficiaries.

This, he said, will form part of efforts to raise revenue without yoking Nigerians with more taxes.