Reps to probe N8trn revenue loss from tax incentives, waivers

The House of Representatives has launched an investigation into the alleged abuse of tax incentives, waivers, and exemptions, which has reportedly cost the Federal Government an estimated N8trn in lost revenue.

The decision followed the adoption of a motion of urgent public importance moved by a member representing Oriade/Obokun Federal Constituency, Osun State, Oluwole Oke, during plenary on Thursday.

The House had initially adopted the…