The Federal Inland Revenue Service has proposed to generate N4.3tn from petroleum profit tax, and N1.7tn through the Value Added Tax to finance the 2019 budget.
A further breakdown of the oil tax revenue showed that the entire N4.3tn is expected to come from petroleum profit tax. The FIRS stated that the tax revenue target for 2019 was based on the Economic Recovery and Growth Plan of the Nigerian government.
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firsNigeria Fuel subsidy regime must go but b4 then we demand transparency in NNPC accounts. openupnnpcaccount
firsNigeria In other words, we are funding our PARASITIC government from our torn pockets