The Federal Government is revising the non-oil revenue projections, including various tax and customs receipts.
This means the 8.5 trillion naira target set for the Federal Inland Revenue Service FIRS will be slashed at the end of the review.
Minister of Finance, Budget and National Planning, Zainab Ahmed made this known during her COVID-19 stimulus presentation in Abuja.
Already, the Director-General, Budget Office of the Federation, Ben Akabueze has commenced work on the review.
The proposed Amended Budget will provide for the COVID-19 Crisis Intervention Fund and other adjustments required due to the decline in international oil prices.
In the interim, the FIRS said it has set up a number of measures to provide support to taxpayers in managing their tax obligations as they are impacted by the coronavirus outbreak.
