The House of Representatives has mandated the Cordinating Minister for the Economy and Minister of Finance, Mrs. Ngozi Okonjo-Iweala, to produce a detailed report on the exact amount of money Nigeria lost to import duty waivers between 2011 and 2013.

She was also directed to provide the full names of the beneficiaries; what the waivers were used to import; and the justification for granting such duty exemptions.

The directive was contained in the 50 questions on ‘state of the economy’, which the House Committee on Finance handed over to the minister during a session with the committee in Abuja on Thursday last week, after the 2014 budget was laid down by her in both chambers of the National Assembly.

The committee Chairman, Abdulmumin Jibrin, had exchanged hot words with the Finance minister, leading to the abrupt end of the session with the minister.

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Source: ThisDay Newspaper