The Federal Inland Revenue Service (FIRS), has said that an increase in tax collection will enhance Nigeria’s revenue and cut down the urge to borrow to fund the economy. According to the revenue agency, it would ultimately lead to a lower national debt burden. In a paper presentation titled: “Interaction[Read More…]
Tag: Increased tax revenue collection will reduce Nigeria’s debt burden – FIRS
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]