Martin

Although not readily apparent, a symbiotic relationship exists between science and technology innovation and subnational revenue growth, which is exploitable in Nigeria. The dynamic loop of this symbiosis starts by turning innovative ideas into income-generating assets and extracting internally generated revenue from them. Again, the mobilized revenue finances scientific research and technological innovation development. Governments […]

One sound subnational PFM practice is regularly reviewing tax rates, tariffs, and fees. Apart from the government, sellers and business people also periodically review and revise the prices of their goods and services. Tenants are equally very conversant with their landlords’ periodic reviews of tenancy rates to adjust for changes in the economy and for […]

Searching taxpayer information from various databases and prioritising their use in demanding tax payments strengthen subnational government tax administration and proactively enhance tax compliance and revenue generation. Utilising available data sources to implement proactive tax collection measures enables tax authorities to improve their capacity to cover taxpayers comprehensively, identify potential tax evaders, and ensure a […]

All levels of government in Nigeria face unique challenges regarding revenue generation, despite the country’s abundant natural resource endowments. The challenges primarily revolve around the political will and capacity for structural economic transformation on the one hand and the prioritisation of internally generated revenue (IGR) expansion on the other. It gets worse with a lower […]

Crime is a major problem in Nigeria, with the current common issues being insurgency, banditry, kidnapping, and communal clashes. Devastating impacts have been the loss of human lives and property and the threat to food access and availability. Nigeria Security Tracker reported 17,285 civilian deaths between May 2015 and March 2022 because of insecurity. Nigeria […]

The challenge of multiple taxes has been part of Nigeria’s history. As early as 1954, when Nigeria became a federating unit, there were concerns and disputes about sharing taxing powers between the regions and the federal government. They subsequently resolved it through the 1957 Raisman Commission set up at the Nigerian constitutional conference in London, […]

Many public officials in Nigeria genuinely work for the country’s and its citizens’ betterment. Sadly, they are in the minority. Those enamoured of profligate ostentatious displays with public funds are easily seen and seemingly dominate the space. But this behaviour creates significant socio-economic disparities that affect the way citizens may comply with their tax payment […]

Tax policies are laws enforced by statutorily approved agencies. Sadly, our weak justice system has created copious avenues for criminally minded people to create and enforce their own tax laws. Subnational governments contend with a preponderance of illegal bodies forcefully and dubiously collecting revenues meant for them on the roads, business premises, commercial motor parks, […]

Many nongovernmental organisations depend almost entirely on grants and donations for their survival. Some reasons adduced include statutory barriers from generating profits for their benefit and therefore relying on external support to fulfil their missions. Other reasons include their focus on addressing social issues such as poverty alleviation, education, healthcare, human rights, etc., that may […]

Nigeria always places enormous importance on export revenue. However, policies promoting non-oil exports gained further momentum in the mid-80s in response to the oil price shock. Historically, oil-dominant export and revenue composition made Nigeria vulnerable to fluctuations in global oil prices, with devastating consequences on practically all aspects of our economic life. Ghana, for instance, […]