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Tag "tax revenue"

FG targeting 77% IGR increase in 2024, says Wale Edun

    FG targeting 77% IGR increase in 2024, says Wale Edun

Wale Edun, minister of finance and coordinating minister of the economy, says the federal government is targeting a 77 percent increase in internally generated revenue (IGR). Edun spoke on Wednesday

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Adedeji: FIRS collected N12.3trn in 2023 | Non-oil sector accounted for 74%

    Adedeji: FIRS collected N12.3trn in 2023 | Non-oil sector accounted for 74%

The Federal Inland Revenue Service (FIRS) says it collected N12.37 trillion as tax revenue in 2023. This was disclosed at the 2024 strategic management retreat organised by the service in

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Strategies to unlock non-tax revenue in Nigeria

    Strategies to unlock non-tax revenue in Nigeria

BY COLLINS OKEKE Nigeria is facing major revenue challenges. The 2023 total budget deficit is N10.78 trillion. The federal government intends to finance the deficit mainly by new borrowings totalling

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IMF to Nigeria: Increase tax revenue for subsidy, monetary reforms to work

    IMF to Nigeria: Increase tax revenue for subsidy, monetary reforms to work

Abebe Selassie, the director, African department, International Monetary Fund (IMF), says Nigeria doesn’t generate enough tax revenues to fund its necessary projects. Speaking at the ongoing IMF-World Bank annual meetings,

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Ensure multinationals pay appropriate taxes, Akinwumi Adesina advises Tinubu

  Ensure multinationals pay appropriate taxes, Akinwumi Adesina advises Tinubu

Akinwumi Adesina, president of the African Development Bank (AfDB), has urged President-elect Bola Tinubu to ensure that multinational companies pay

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Norway’s oil and gas tax revenue triples to record $89.3 billion

  Norway’s oil and gas tax revenue triples to record $89.3 billion

Norway’s estimated tax revenue from its oil and gas industry rose to a record 884 billion Norwegian crowns ($89.3 billion)

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Buhari to FIRS: We must improve tax revenue without increasing taxes

  Buhari to FIRS: We must improve tax revenue without increasing taxes

President Muhammadu Buhari says his administration is committed to improving tax revenue in the country. The president spoke on Tuesday

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Nigerians abroad unlikely to send home ‘much money’ as COVID-19 takes toll on income

  Nigerians abroad unlikely to send home ‘much money’ as COVID-19 takes toll on income

The COVID-19 pandemic has put Nigeria’s second-largest revenue source at risk, an analysis by SBM Intelligence has shown. Diaspora remittances

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EXCLUSIVE: Fowler replies Kyari, says recession, oil price affected tax revenue

  EXCLUSIVE: Fowler replies Kyari, says recession, oil price affected tax revenue

The recession experienced by the Nigerian economy in 2016 as well as lower oil prices affected the revenue collected by

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Reps to probe ‘loss of N50bn’ in tax revenue, illegal mining

  Reps to probe ‘loss of N50bn’ in tax revenue, illegal mining

The house of reps has resolved to probe the reported loss of N50 billion in gold tax revenue and illegal

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