Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Government strengthens tax base to raise non-oil revenue

28 November 2013, 16:12

Abuja - The Federal government is aiming to ramp up revenue from non-oil revenue to N2.95 trillion in 2014, reports Nation.

The N2.95 trillion target is comprised of N.2.2 trillion from the Federal Inland Revenue Service (FIRS) and N75 Billion from a foreign Consultant, McKinsey & Co, whose job is to help identify those who have either been paying less taxes than they ought to pay or evading taxes.

Dr. Ngozi Okonjo-Iweala, Minister of Finance and Coordinating Minister of the Economy, said the target was realistic as the government is working to block all the loopholes and leakages in tax collection.

 The ministry has estimated that around 65 per cent of registered tax payers do not file returns while about 75 per cent of medium and small businesses currently in the tax system were also not paying tax.

Read more at Nation


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...