Nigeria Aims to Boost Tax Collections by 57% in 2024
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Nigeria expects to significantly boost revenue collections this year as plans to overhaul its tax system start to pay dividends.
The Federal Inland Revenue Service forecasts revenue to increase 57% in 2024 to 19.4 trillion naira ($20.3 billion), compared with last year, according to a document seen by Bloomberg. That will comprise 9.96 trillion naira in tax revenue from oil and 9.45 trillion naira of non-oil revenue, according to the document.