Nigeria Reaping Record Revenue From Tax, Oil, Others, Says Atoyebi

Nigeria has recorded significant gains in government revenue, foreign reserves, banking sector capitalisation and non-oil earnings following a series of fiscal and structural reforms introduced under President Bola Tinubu’s administration, according to Bamidele Atoyebi, Convener of the Bola Ahmed Tinubu Ideological Group (BAT-IG).
Atoyebi said the reforms have strengthened revenue administration across key government agencies, expanded non-oil sources of income and reduced Nigeria’s dependence on crude oil receipts, while improving the country’s overall fiscal outlook.
He said the Nigeria Revenue Service (NRS) recorded sustained growth in tax collections over the review period, rising...