Fiscally challenged by dwindling revenue earnings as the volatility of the international oil market continued to great toll on revenue collections nine months into the 2019 financial year, Nigeria is seeking the World Bank’s support through concessionary lending of about $2.5 billion. The Bank’s Vice President for Africa Hafez Ghanem, who gave this hint in […]
The World Bank has advised Nigeria to explore further the opportunities availed by the Value Added Tax (VAT) to boost her non-oil internally generated revenue (IGR) in the years ahead.. Specifically, the Bank recommended that the fiscal authorities should consider the option of increasing the VAT, excises and customs, and states’ internally generated revenues To […]
The World Bank has indicated its willingness to provide technical support to Nigeria in critical areas, especially the government’s Economic Recovery and Growth Plan (ERGP) to boost the nation’s growth development. Giving the hint during a discussion with the Minister of Budget and National Planning, Udo Udoma, the bank’s Vice-President for Africa, Mr. Hafez Ghanem, […]