Tax & Spend
Nigeria Expects to Meet $12 Billion Revenue Target for 2024
- Plans to regulate cryptocurrency and replace obsolete tax laws
- Improved revenue will help the government cut deficit
The Central Business District of Lagos.
Photographer: Benson Ibeabuchi/BloombergThis article is for subscribers only.
Nigeria expects to meet its revenue target this year after addressing inefficiencies in its tax collection system.
“We set a target of 19.4 trillion naira ($12 billion) for ourselves” this year, Zacch Adedeji, chairman of the Federal Inland Revenue Service, said. “We are almost in the third quarter of the year and with the figures we are seeing so far, I can say we are on the path of achieving our target,” Adedeji, who is also an adviser to President Bola Tinubu on revenue, said.