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