Good Morning Nigeria: Efficiencies sought in revenue collection
​Efficiencies sought in revenue collection
The administration’s growth targets for 2016-18 are largely based upon a steep increase in public expenditure, which amounts to 35% for the FGN this year according to the budget proposals submitted to the National Assembly. That spending has to be better managed and more productive but the administration also has to achieve its ambitious projections for non-oil revenue collection. Our chart shows gross monthly collections (before distribution to the three tiers of government) through to October 2015. These total N3.10trn over 12 months, and the proposals forecast N5.72trn for 2016. The increases range from 57% for customs and excise to 99% for companies’ income tax.
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