Nigerian Government All Gun Blazing For Revenue From January 1, 2022

Nigerian Government All Gun Blazing For Revenue From January 1, 2022

Author: Africa Business Radio December 13, 2021 Duration: 25:34
News Express
Business
President Mohammadu Buhari and Zainab Ahmed, his minister of finance, budget and national planning, appear set to go out all guns blazing in search of revenues in every available space for the federal treasury from the very first day of 2022 with a new Finance Bill 2021set to be passed into law this month.
Buhari and Ahmed will be seeking to squeeze revenues in the form of taxes that will be imposed on such things as bets, lottery, app stores, foreign digital coys, among others, in a desperate bid to generate funds to boost dwindling revenues and finance the huge N5.62 trillion estimated budget deficits for fiscal 2022.
Nigeria’s fiscal performance has been poor for more than six years and Buhari’s finance minister, Ahmed, has not particularly provided appropriate fiscal policy leadership for the economy, with a lot of the push seen to be provided by the monetary authorities, who have led on many occasions in place of the fiscal authorities. Even Ahmed’s predecessor, Kemi Adeosun, did not fare better either.

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