We’ve identified plans to generate N18tn revenue – FG

The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn and achieve its 15 per cent revenue to Gross Domestic

Product target.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, said the Strategic Revenue Growth Initiative of government inaugurated last year would help the government in achieving this revenue growth target. She noted that the pandemic and crash in crude oil price had drastically impacted on government’s revenue, but explained that the Federal Government had been adopting several measures to tackle the challenge.

“Importantly, we recognised that the support of states would be necessary to achieve the 15 per cent target. In fact, the states would need to cumulatively generate about N3.4tn.”

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