Nigeria: Selected Issues

March 7, 2018

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Nigeria: Selected Issues, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Summary

This Selected Issues paper analyzes mobilization of tax revenues in Nigeria. Low non-oil revenue mobilization is affecting the government’s objectives to expand growth-enhancing expenditure priorities, foster higher growth, and comply with its fiscal rule which limits the federal government deficit to no more than 3 percent of GDP. There is significant revenue potential from structural tax measures. A broad-based and comprehensive tax reform program is needed in the short and medium term to address these objectives and generate sustainable revenue growth by broadening the bases of income and consumption taxes, closing loopholes and leakage created by corporate tax holidays and the widespread use of other associated tax expenditures, as well as creating incentives for the subnational tiers of government to raise their own source revenues.

Subject: Corruption, Crime, Excises, Financial services, Gender, Tax incentives, Taxes, Value-added tax, Women, Yield curve

Keywords: Africa, Corruption, Corruption case, CR, Excises, Global, Impulse response function, Income, Income inequality, ISCR, Loading factor, Nigeria, Poverty gap, Revenue, Southern Africa, Sub-Saharan Africa, Value-added tax, Women, Yield, Yield curve, Zero-coupon yield curves

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/064
Stock No:

1NGAEA2018002
ISBN:

9781484345481
ISSN:

1934-7685

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