1. Increase tax( in a country where the average man lives below a dollar spending per day. Madam u need alabukun)

2. Increase V.A.T from 5% to 10%.[value added tax] in a country where there is absolutely no power supply. (Again one gbogbonise for u or 2 shots of monkey tail)

3. Restructure the entire NNPC and immediately consider PETROLEUM INDUSTRIAL BILL.. (u were wit jona for six years why u no tell am Instead u claim say subsidy move from 400 million to 1,2 trillion.. na wa ooo. Nigerians de drink fuel Olodo)

4, Build institutions designed for fighting corruption. (In a country where the president goes on national tv and says 'stealing is not corruption')

Abi this woman want make them retain her?..

The Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, has a word of advice for the incoming government- diversify revenue sources.

Mrs. Okonjo-Iweala, who spoke yesterday in Washington DC, on the theme: “Beyond the oil” at a forum tagged: “A conversation with Ngozi Okonjo-Iweala”, said the result of the rebasing of the economy demonstrated that there are diverse sources of revenue which the government can tap from.

Part of the revelation of that exercise, she said, is that the government can actually increase its revenue profile by depeening and expanding its tax collection drive. In achieving this, she said, the government engaged the services of a foreign tax consultant. The measure brought in additional $500million into its coffers last year.

Mrs. Okonjo-Iweala said if consistently pursued, the measure could fetch the government $3billion over the medium-term.

Mrs. Okonjo-Iweala, who spared no kind word for politicians bent on spending almost everything that comes into the government’s coffers, stressed the need for the government to rebuild its buffers.
She said considerable political will was exerted in the Olusegun Obasanjo administration to set funds aside for the Excess Crude Account and save for the rainy day. The then government was able to pull that through because there was no strong opposition then, pointing out that the vibrant opposition in the present dispensation and the tendency by the governments at the states’ level to always insist on sharing all government revenues, have combined to deplete the Excess Crude Account. “This was not quite right. Sharing of ECA continued, which was not proper,” she said, adding that the depletion continued because the political will the government had changed..

She said the incoming government should also tinker with the option of raising the Value Added Tax (VAT), which in its present five per cent level, she pointed out, is the lowest in the world. Raising the margin by another five per cent, Mrs. Okonjo-Iweala argued, would make a difference in increasing revenue. She said the proposal is already included in the 2015 budget before the National Assembly.

“We can look at other taxes, like the VAT, which is in the budget for 2015. We have the lowest VAT in the world, which can be doubled. This can bring another $3billion into the revenue profile,” Mrs. Okonjo-Iweala said, adding that these steps are needed to drive the economy beyond oil.

She said President Goodluck Jonathan’s position, which she is recommending to the incoming government, is to reverse the ratio of crude oil-Non oil contribution to revenue from 70%-30% in favour of oil, to Non oil- crude oil contribution of 70%-30% in favour of Non-oil over the next 10 years.

Mrs. Okonjo-Iweala, who continually stressed that this year would be particularly difficult for Nigeria, economically, said the hardship occassioned by the drop in crude prices, should serve as an incentive and a wake-up call to diversify the economy, rather than a challenge.

“We shoild see the drop in the price of oil, not as a difficult thing (it is very difficult with the drop in revenue by 50 per cent), but it’s also an opportunity for the country to pursue this diversification agenda,” she stressed.

The Minister, who spoke on a wide range of issues, impressed on the need for the incoming Gen. Muhammadu Buhari administration to build institutions designed to fight corruption.
She called for reforms in the oil sector.

The Nigerian National Petroleum Corporation (NNPC), she said, should be restructutred and the Petroleum Industry Bill should be passed.
Mrs. Okonjo-Iweala’s presentation was witnessed by a one time Lagos State Commissioner for Finance Mr. Wale Edun, Nigeria’s Ambassador to the US, Professor Ade Adefuye, Director of Budget, Dr. Bright Okogu and the former Executive Chairman of the Federal Inland Revenue Service, Mrs. Imoigui Ifueko-Okauru, amongst other personalities. The programme was moderated by Ambassador Princeton N. Lyman, former US Special Envoy for Sudan and South Sudan.

http://thenationonlineng.net/new/how-buharis-govt-can-boost-revenue-by-okonjo-iweala/

Funny.
*Modified*
Is she giving this advice to General or who.? Seriously, I understand the way GMB thinks (very opposing to GEJ) and this advice might end up choking her to the bronchis.
Please its time she and OBJ understand that the incoming govt. already has their clear missions for the goodness of the masses. They should just STFU.

The revenue you couldn't boost for 16years in power

Is she in prison yet?

Since there is no source I cannot comment yet m

I suspect that the APC government is going to introduce inheritance taxation in Nigeria. It's a good move with onerous implications for the tax payer. One could lose up to 40% or 60% of his inheritance depending on how benevolent or malevolent the lawmakers decide to be.

The aim of every govt in this country is to make the poor poorer

Jail that frog-face

She's just taking her last breath in government.
By the way who is she suggesting these things to? After joining hands in ruining the economy she now knows what is best.

When she had the power to influence the clueless president, she was waiting for his second term before she starts.

Jail her! Jail her!! Jail her!!!

actres

She has tried her best for many years, she should let someone else try.

Lol.

Op, please leave madam Ngozi alone. I believe she was only a victim of our systemic deficiencies.

She neither presided over monstrous corruption nor legislated a bloated recurrent expenditure. She could only make the most of what she had.

So please cut her some slack. I don't think she is as bad as being projected. But all the same, she should have resigned from office, instead of going down with the ship.

Please tell this woman to hush it!!!

her love for the new administration is appreciated. Her hatred for her own administration is noted because she couldn't advise her own govt on this. Foreign reserves at its lowest in years. CLOWN!!

Ngozi Okonjo Iweala a.k.a 50Naira Puff-Puff - Covertly working for the Imperialists to suppress our Economy since July 2003.

Na true, we all know this. Madam teacher in Fela's voice (Teacher teacher make you no teach me nonsense!!!). Please stay off from our peoples general !!!

What she listed is what buhari will do or he will have to go borrowing. With the oil price and 53 per barrel all buhari's govt can do is pay salaries for the next for years with no single infrastructure on ground.

xreal:
Is she in prison yet?

Unfortunately, this one has U.S dual citizenship, that's why she can open that pit in her face.

Iweala needs to get lost, now now!!

Why didn't she use these techniques to boost revenues when she had the chance instead of applying for loans here and there. In fact she just applied for a $2billion loan before elections! nansense

Is she working for this government or the government in-waiting? You'll be lucky if they don't put you in prison sef. Why not implement these in the remaining six weeks you have. You may get your butts of the jail if these your prescriptions magically transform the economy.

The best for this woman is to keep quite.

Teacher teaching us nonsense. Hahahahaha.

She should keep her opinions as well as textbook economics to herself.

She has failed woefully at the helm of the country's finances.

Inflation is at an all time high.
Unemployment is at an all time high.
Foreign exchange rates are at an all time high.

The country keeps borrowing and borrowing.

There's nothing to show for all the oil price windfall. There's no accountability whatsoever.

She should just retire and go back to teaching at harvard or whatever university that's willing to accept her.

She should stay off UK sha

Madam chipmunk don come again...you've been affiliated to several PDP government. What did you do? I mean apart from playing with the Intelligence of Nigerians.
Modified***
So she advicing the government to increase VAT. Will they also increase the minimum wage? More than 20 million Nigerians live below the poverty line and this woman comes up with this damned suggestion...so the poor should just shut up and bear it since she and her fellow band of thieves have their billions.

Ok---she wants NOI polls abi contract

All the haters go curse this woman now.


Watching

From Hero to Villain

May God save us from our brethren from ONI....