The Federal Government is set to harmonize all revenue-collecting agencies in Nigeria.
The Special Adviser to President Bola Tinubu on Revenue, Zach Adedeji made this known on Channels Television’s Politics Today programme on Monday.
Adedeji said the government will double the country’s total annual revenue which is currently below N15trn by deepening the nation’s revenue collection system and not by adding extra taxes.
According to the President’s revenue chief, Nigeria has a revenue problem but the current administration is prepared to tackle the challenge through fiscal discipline and harmonization of revenue channels using technology to view all government revenue-collecting agencies in real-time.
“The law is very clear as to how to collect revenue. In Section 162 of the Nigerian Constitution, it is clearly stated that there shall be an account called the Federation Account and all government revenue must be put into that account,” Adedeji said.
“When we talk about harmonization, we are just saying the integration of all collecting agencies, that on one platform, we can know what is happening in NIMASA, NPA, NCC, Customs, Federal Inland Revenue (Service)…We will make use of technology to know everything going on in real-time.”
