Nigeria’s minister of Finance and Coordinating minister of the economy, Ngozi Okonjo-Iweala, has said that the country’s tax base is “too narrow”. She promised to work with the revenue and customs services to boost it.
This was revealed at a meeting with Organized Private Sector and Civil Society on the country’s 2013 budget.
She said she hopes to push further on the revenue side “to increase internally generated revenue, to work with FIRS and customs to try and increase tax collection and expand our tax base which we feel is still too narrow.”
According to her, “This may yield additional resources to us. We will also work with customs to see what we can generate from all those sources. So that it is not just a question of staying with what we have now, but really working very hard on all fronts to also see how we improve.”
“And one of the things we are going to be looking at is there any way to further,” the minister said, “based on this report, streamline the bureaucracy and save some resources that can then be redeployed other uses. That is one of the things I will like to have your thought on some of these areas of streamlining.”
“We are spending a lot money here paying personnel who are not necessarily in areas that producing much for the economy. We have some parastatals not really producing much for the economy. We have some staff there. What are we going to do with those kind of problems?”