{"id":12223,"date":"2024-01-16T07:02:40","date_gmt":"2024-01-16T07:02:40","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/nigeria-eyes-57-per-cent-revenue-collection-boost-in-2024\/"},"modified":"2024-01-16T07:02:40","modified_gmt":"2024-01-16T07:02:40","slug":"nigeria-eyes-57-per-cent-revenue-collection-boost-in-2024","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/nigeria-eyes-57-per-cent-revenue-collection-boost-in-2024\/","title":{"rendered":"Nigeria eyes 57 per cent revenue collection boost in 2024"},"content":{"rendered":"<div>\n<p>The Nigerian federal government says it plans to achieve a 57 per cent revenue collection boost in 2024.<\/p>\n<p>The development comes as the country\u2019s apex tax collection agency, the Federal Inland Revenue Service, forecasts revenue to increase 57 per cent in 2024 to 19.4 trillion nairas ($20.3 billion), compared with last year, according to Bloomberg.<\/p>\n<p>Accordingly, the report indicated that the government expects N9.96 trillion in tax revenue from oil and N9.45 trillion in non-oil revenue.<\/p>\n<p>The agency plans to \u201ccarry out internal reallocation from oil to non-oil, given that the budget oil revenue 2024 was increased by 214 per cent compared to 2023 actual, while non-oil was increased by only 3 per cent\u201d.<\/p>\n<p>DAILY POST recalls that in July last year, President Bola Ahmed Tinubu appointed a Presidential Committee on Fiscal Policy and Tax Reforms headed by Taiwo Oyedele to boost revenue collection.<\/p>\n<p>This comes as, in the first six months of 2023, the FIRS collected tax revenue of N5.5 trillion, which was a record for a half year and put the agency in a position to surpass its N10.1 trillion collection for 2022.<\/p>\n<p>Nigeria eyes 57 per cent revenue collection boost in 2024<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian federal government says it plans to achieve a 57 per cent revenue collection boost in 2024. The development&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12224,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,1125,15],"tags":[519,180],"class_list":["post-12223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-fg","category-news","tag-business","tag-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigeria eyes 57 per cent revenue collection boost in 2024 - Niger Delta News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nigerdeltanews.ng\/nigeria-eyes-57-per-cent-revenue-collection-boost-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria eyes 57 per cent revenue collection boost in 2024 - Niger Delta News\" \/>\n<meta property=\"og:description\" content=\"The Nigerian federal government says it plans to achieve a 57 per cent revenue collection boost in 2024. 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