Buhari Vows To Ensure Taxable Nigerians Pay Taxes

President Muhammadu Buhari on Friday has disclosed that efforts are being accelerated to ensure all taxable Nigerians declare their incomes and pay the right taxes to the appropriate authorities.

Buhari stated this during the presentation of  the 2023 Appropriation Bill of N20.52 trillion to the joint session of the National Assembly in Abuja.

The president identified revenue shortfall as the greatest threat to Nigeria’s fiscal viability, saying that special attention will also be given to revenue generating agencies.

“Revenue shortfalls remain the greatest threat to Nigeria’s fiscal viability. We have therefore accelerated efforts towards ensuring that all taxable Nigerians declare income from all sources and pay taxes due to the appropriate authorities.

“We are also monitoring the internally generated revenues of agencies of government to ensure they are appropriately accounted for and remitted to the Consolidated Revenue Fund,’’ he said.

Buhari said he is happy to report that the revenue collection and expenditure management reforms are yielding positive results as reflected in non-oil revenue performance.

According to him, while we continue to implement revenue administration reforms and improve our collection efficiency, we urgently need to find new ways of generating revenue.