The government said that although it was committed to reducing tax expenditure, the nation’s current revenue to Gross Domestic Product ratio of about seven per cent was poor and unsatisfactory.
The PATF aimed to improve the management of domestic taxation and ensure better coordination of taxation in the ECOWAS and West African Economic and Monetary Union regions. She said that although Nigeria was celebrated as the country in Africa with the largest economy, translating the wealth into revenue generation had remained a serious issue.
Ahmed said, “Our current revenue to GDP ratio of about seven per cent is unsatisfactory and we are keen on exerting improving this by implementing various initiatives
look around you, there’s huge discomfort everywhere on the streets/homes of most ppl.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Regaining N130bn Transit Cargoes With Lekki Deep SeaportAnother major revenue earner at the nation’s seaports is transit cargoes. Nigeria generates huge revenue from cargoes meant for countries that are landlocked.
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Nigeria spends 86% of revenue on debt servicing, South Africa pays 20%Nigeria spent 86 per cent of its revenue on servicing debt in 2021, but South Africa spent only 20 per cent of its receipts on the same purpose, according to findings by The PUNCH. That's the difference between success and failure. Isn't Nigeria wonderful? This country na Borrow Borrow
Source: MobilePunch - 🏆 8. / 63 Read more »
FG: TotalEnergies Has Invested Almost $30bn in Nigeria within Eight Years* Lampoons Shell, Chevron, ExxonMobil for not investing enough in country’s oil, gas sector *Nigeria remains at the heart of our strategy, says multinational oil company *Declares interest to e…
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
FG’s excessive borrowing will sink Nigeria, says female presidential aspirant | The Guardian Nigeria News - Nigeria and World NewsA female presidential aspirant on the platform of the National Rescue Movement (NRM), Prof. Benedicta Agbo, has decried Nigeria’s rising debt stock, describing it as threat to the nation’s democracy. Sink 🙋♂️🙋♂️🙋♂️ Understatement Guardian stop miss leading us with words. We go sink abi we don drown.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Insecurity eroding NYSC objective, as Olubadan tells FG to fight scourge | The Guardian Nigeria News - Nigeria and World NewsThe Olubadan of Ibadanland, Oba Sen. Lekan Balogun, Alli Okunmade ll, on Friday, lamented how insecurity is eroding the age-long and laudable objective of the National Youth Service Corps (NYSC) scheme.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
FG to profile political leaders, warns against unguarded utterances | The Guardian Nigeria News - Nigeria and World NewsThe Federal Government has ordered security agencies to monitor and profile key political actors ahead of the 2023 general election, according to the National Security Adviser (NSA), Babagana Monguno. They should firstly arrest this old man in the video
Source: GuardianNigeria - 🏆 1. / 94 Read more »