Tag Archives: Federal Government

Introduction of the Contributory Pension Fund Scheme The federal government has launched a new Contributory Pension Fund Scheme aimed at all civil employees, including those paid from Defence Estimates, who are appointed on a regular basis starting from July 1, 2024. This significant policy shift is designed to enhance the financial security of federal employees in their retirement years. Applicability …

Overview of the Plan The federal government has presented a five-year revenue generation plan to the International Monetary Fund (IMF) with the goal of significantly expanding the tax base. The plan aims to add over 20 million new taxpayers to the tax net over the next five years. Targets for Expansion To achieve this ambitious target, the plan includes specific …