Nigeria’s Tax Revenue Mobilization: Lessons from Successful Revenue Reform Episodes: Nigeria

March 6, 2023

Preview Citation

Format: Chicago

Il Jung. Nigeria’s Tax Revenue Mobilization: Lessons from Successful Revenue Reform Episodes: Nigeria, (USA: International Monetary Fund, 2023) accessed December 21, 2024

Summary

This paper has identified four episodes of large and sustained revenue mobilizations in Sub-Saharan Africa (SSA) and found common lessons from the episodes. Although there is no one-size-fits-all strategy, we can find a tax reform path suitable to Nigeria’s circumstances. Based on these cross-country experiences, this paper recommends: (i) implementing a package reform of tax administration and tax policy measures; (ii) focusing mainly on indirect tax (VAT and excise) reforms and tax incentive rationalizations; (iii) undertaking tax administration measures for improving compliance by strengthening taxpayer segmentation and automation; and (iv) launching social dialogue with key stakeholders as well as high-level political commitment.

Subject: International organization, Monetary policy, Revenue administration, Taxes

Keywords: Consumption taxes, Excises, Nigeria's tax reform, Package reform, Sub-Saharan Africa, Tax administration core functions, Tax incentive rationalization, Tax revenue mobilization, Undertaking tax administration, Value-added tax

Publication Details

Pages:

19
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/019
Stock No:

SIPEA2023019
ISBN:

9798400234989
ISSN:

2958-7875

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