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Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue (24382 Views)

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Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Omooba77: 11:26am On Jul 24, 2020
The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn and achieve its 15 per cent revenue to Gross Domestic Product target.

It also stated that states would need to generate N3.4tn to realise this, adding that the COVID-19 pandemic had brought to the fore the need and urgency to further diversify the sources of government revenue.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, said the Strategic Revenue Growth Initiative of government inaugurated last year would help the government in achieving this revenue growth target.


Ahmed spoke during a webinar that focused on leveraging data to drive inclusive policy, revenue generation and improved governance.

She noted that the pandemic and crash in crude oil price had drastically impacted on government’s revenue, but explained that the Federal Government had been adopting several measures to tackle the challenge.

She said, “Under the SRGI, therefore, we have identified various revenue initiatives that could potentially generate N13tn to N18tn across both oil and non-oil sources, and ensuring that we are able to achieve a 15 per cent revenue to GDP target by 2023.


“Importantly, we recognised that the support of states would be necessary to achieve the 15 per cent target. In fact, the states would need to cumulatively generate about N3.4tn.”



Ahmed said, “Analysis of revenue data shows that as at 2018, Nigeria’s revenue to GDP ratio stood at about eight per cent, significantly below many comparator countries on the continent, as well as the continent average.”

She said the economy faced serious challenges in the first half of 2020, seeing about 65 per cent decline in projected net 2020 government revenues from the oil and gas sector, with adverse consequences for foreign exchange inflows.

Ahmed said government’s anticipation was that these challenges would continue into the third quarter of this year.
https://punchng.com/weve-identified-plans-to-generate-n18tn-revenue-fg/

4 Likes 2 Shares

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Beremx(f): 11:30am On Jul 24, 2020
After how many years in power they are still trying to identify how to generate non-oil revenue.

Morning neva reach madam minister for her eyes.

149 Likes 13 Shares

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Africankel(m): 11:30am On Jul 24, 2020
Ok

1 Like 2 Shares

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Charmingrascal(m): 11:32am On Jul 24, 2020
Don't mind them
Even if they generate 500 trillion revenue in three months they will still collect loan

188 Likes 13 Shares

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Omooba77: 11:36am On Jul 24, 2020
Beremx:
After how many years in power they are still trying to identify how to generate non-oil revenue.

Morning neva reach madam minister for her eyes.

My good sister I hail ooooo

6 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by OUTLAWwizard: 11:37am On Jul 24, 2020
Audio

5 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Seerade029: 11:37am On Jul 24, 2020
By taxing us angry

Very soon we will be taxed for the air we breathe.

117 Likes 9 Shares

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Maxymilliano(m): 11:40am On Jul 24, 2020
The Federal Government on Thursday said it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn and achieve its 15 per cent revenue to Gross Domestic Product target.

We know naa ..

6% Stamp duty on house rent and Certificate of Occupancy (C of O) and other areas that affects the common man mostly.

Abi no be Buhari again with his surprise package ?

91 Likes 10 Shares

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by espn(m): 11:40am On Jul 24, 2020
That will be shared and looted by the people in power and der friends...Milk the very poor and already frustrated masses to feed the elites...

29 Likes 2 Shares

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by EddyRex: 11:45am On Jul 24, 2020
Diz Demon with lies again, y nt tell Nigerian u ave identify plans to loot 18trillions, instead of given people false hope after imposing heavy tax on them with little or no tangible infrastructures, basic amenities n social development to utilized.

14 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Freestainworld(m): 11:45am On Jul 24, 2020
the one they will generate and still borrow money

3 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Omooba77: 11:45am On Jul 24, 2020
Now they will start taxing the clothes and shoes we wear to feed fat on us......
Later they will tell us, change begin with us, whereas we see how they live lavishly.

Life no dey equal cheesy

9 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Omooba77: 11:49am On Jul 24, 2020
Maxymilliano:


We know naa ..

6% Stamp duty on house rent and Certificate of Occupancy (C of O) and other areas that affects the common man mostly.

Abi no be Buhari again with his surprise package ?

People income are being cut, yet taxes are increasing without commensurate value for infrastructural development.
Yet some so called Youth will come here to defend the arrant nonsense!

29 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by decatalyst(m): 11:58am On Jul 24, 2020
Freestainworld:
the one they will generate and still borrow money

And eat up 12trn of the sum generated...then faint when asked about it. cry

Naija ti cast!

32 Likes 1 Share

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Maxymilliano(m): 12:11pm On Jul 24, 2020
Omooba77:


People income are being cut, yet taxes are increasing without commensurate value for infrastructural development.
Yet some so called Youth will come here to defend the arrant nonsense!


The name Buhari connotes HARDSHIP.

No be today.

29 Likes 3 Shares

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Beremx(f): 12:18pm On Jul 24, 2020
Omooba77:


My good sister I hail ooooo
I hail you too Bros.

2 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by mosegifted: 12:42pm On Jul 24, 2020
Them don come again, WE WILL, GOVERNMENT

2 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by ForeThinker: 12:42pm On Jul 24, 2020
Through Taxation abi ?

8 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by CARLOSZ: 12:42pm On Jul 24, 2020
They've started already by taxing every Nigerian, even those in the womb and balls too.

https://www.nairaland.com/6008459/kainji-dam

4 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by ednut1(m): 12:42pm On Jul 24, 2020
cheesy jokers

2 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Omooba77: 12:42pm On Jul 24, 2020
Maxymilliano:


The name Buhari connotes HARDSHIP.

No be today.

All the signs were there, but people were behaving in 2015 as if they were intoxicated.
Now people are crying and the hardship is increasing by the day.

12 Likes 1 Share

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by gurunlocker: 12:43pm On Jul 24, 2020
Can someone laugh with me grin cheesy grin cheesy grin grin grin grin grin grin grin grin grin grin grin grin grin cheesy

5 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by techmo(m): 12:43pm On Jul 24, 2020
lipsrsealed

1 Like

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by gungab(m): 12:43pm On Jul 24, 2020
Meenh!


Not a bad idea

1 Like

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Wahala90: 12:43pm On Jul 24, 2020
See dem!

1 Like

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by paulolee(m): 12:44pm On Jul 24, 2020
Another scam..

2 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Nobody: 12:44pm On Jul 24, 2020
Yes we know, by asking us to pay road tax soon. We are already in for 6% on tenancy. A won set hushpuppi

5 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by TheFreeOne: 12:44pm On Jul 24, 2020
grin

Nigerians go hear am from dis government.

We may soon be asked to pay airing our views on social media, calling radio/tv programs, attending social functions/clubs or fined for returning home late

7 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by Nobody: 12:44pm On Jul 24, 2020
Ndi ara in govt!

Is there any other thing you discovered other than tasking the poor Masses? Increasing the VAT and at the end they money is relooted.

APC criminals!

4 Likes

Re: Zainab Ahmed: We Have Identified Plans To Generate ₦18 Trillion Revenue by cinoedhunter: 12:44pm On Jul 24, 2020
grin identify Kai... This govt na scam

2 Likes

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