How We Plan To Increase Tax Revenue By 200% – Nigeria Governors

The Nigeria Governors’ Forum (NGF) has disclosed how it will collaborate with the Joint Tax Board (JTB) to increase aggregate tax revenue by 200 percent.

The NGF, which made this known on Wednesday at its second meeting for the year, also pledged support for the Data for Tax (D4T) initiative. 

In a communique released after the meeting, Kayode Fayemi, chairman of NGF and governor of Ekiti, said the D4T initiative envisages an ecosystem where financial and non-financial data on all individuals and economic transactions will be collated into a central National Tax Data Bank with the National Identification Number (NIN) as the primary unifying code.

The communique reads: “Members received a presentation from the Executive Chairman of the Federal Inland Service (FIRS) and Chairman of the Joint Tax Board (JTB), Mr. Muhammad M. Nami, on the national Data for Tax Initiative,” 

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“Members pledged their support for the project which is aimed at expanding the country’s tax net to at least 90% of all eligible taxable persons and committed to collaborating with the JTB to increase the country’s aggregate tax revenue by up to 200% as envisaged.”