Nigerian Government All Gun Blazing For Revenue From January 1, 2022
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President Mohammadu Buhari and Zainab Ahmed, his minister of finance, budget and national planning, appear set to go out all guns blazing in search of revenues in every available space...
show moreBuhari and Ahmed will be seeking to squeeze revenues in the form of taxes that will be imposed on such things as bets, lottery, app stores, foreign digital coys, among others, in a desperate bid to generate funds to boost dwindling revenues and finance the huge N5.62 trillion estimated budget deficits for fiscal 2022.
Nigeria’s fiscal performance has been poor for more than six years and Buhari’s finance minister, Ahmed, has not particularly provided appropriate fiscal policy leadership for the economy, with a lot of the push seen to be provided by the monetary authorities, who have led on many occasions in place of the fiscal authorities. Even Ahmed’s predecessor, Kemi Adeosun, did not fare better either.
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