The Minister of Finance, Budget and National Planning, Zainab
Ahmed,
has reiterated on-going plans by the Federal
Government to achieve
revenue-to-Gross Domestic Product, GDP ratio of
15 percent target from
the 2023 fiscal year.
She re-affirmed federal government’s determination to meet
the target
in her remarks at ‘Deloitte 2020 Economic
Outlook’ conference, which
focused on economy, infrastructure, fiscal
policies and revenue growth
initiatives, in Lagos.
The Minster noted that the renewed economic growth plans
implied that
the country would be by the year in focus
tripled its revenue-to-GDP
ratio, which currently stands at 8 per
cent. She also maintained the
target remained feasible, with the
implementation of the Finance Act
accompanying the yearly budgets in the years
ahead.
Also, the Minister for Transportation, Rotimi Amaechi, while
speaking
from infrastructure perspectives, announced the
construction of the Port Harcourt to
Maiduguri railway, adding that the project will start
with the total reconstruction of the entire rail
corridor.
