Federal Government Says 15% Revenue To GDP Target On Course - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
January 30, 2020
The Minister of Finance, Budget and National Planning, ZainabAhmed,
has reiterated on-going plans by the FederalGovernment to achieve
revenue-to-Gross Domestic Product, GDP ratio of15 percent target from
the 2023 fiscal year.
She re-affirmed federal government’s determination to meetthe target
in her remarks at ‘Deloitte 2020 EconomicOutlook’ conference, which
focused on economy, infrastructure, fiscalpolicies and revenue growth
initiatives, in Lagos.
The Minster noted that the renewed economic growth plansimplied that
the country would be by the year in focustripled its revenue-to-GDP
ratio, which currently stands at 8 percent.  She also maintained the
target remained feasible, with theimplementation of the Finance Act
accompanying the yearly budgets in the yearsahead.
Also, the Minister for Transportation, Rotimi Amaechi, whilespeaking
from infrastructure perspectives, announced theconstruction of the Port Harcourt toMaiduguri railway, adding that the project will start
with the total reconstruction of the entire railcorridor.