The Nigerian Government has set a target of generating a staggering N9.96 trillion from Petroleum Profit Tax (PPT) collections in 2024.
This is despite the inability of the agency to meet its target of N5.26 trillion for 2023. The agency generated N3.17 trillion in 2023, N2.09tr less than the target.
Despite this shortfall, the agency is optimistic of generating N9.96 trillion from PPT in 2024, an increase of N6.79tr.
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