This information was conveyed to the FIRS in a letter from the Statistician-General of the Federation and Chief Executive of the National Bureau of Statistics (NBS), Adeyemi Adeniran, following a joint review by both agencies in collaboration with the Federal Ministry of Finance, using data from 2010 to 2021.
In other news, the Nigeria Customs Service (NCS) and the World Bank have joined forces to reward compliance with trade regulations and reduce costs associated with handling cargo and demurrage at Nigerian ports.
Nami emphasised the need for the federal government to reconsider its policies on tax waivers to increase revenue for developmental programs. He explained that the revised tax-to-GDP ratio took into account revenue that was previously excluded from the calculations, particularly revenue collected by other government agencies.
