Service Delivery: World Bank Pledges To Assist Nigeria With Revenue Generation - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
October 30, 2019
The World Bank has pledged to assistNigeria to increase its Internally Generated Revenue, IGR to address povertyand service delivery by government.
World Bank Country Director in Nigeria,Shubham Chaudhuri made the pledged at the opening of a Peer Learning Eventorganised by the Nigeria Governors Forum, NGF in Abuja.
Chaudhuri said one of the thingsthat surprised him when he assumed office in Nigeria was the country’s lowlevel of revenue to Gross Domestic Product, (GDP put at eight per cent.
According to him, this is smallcompared with the number obtainable in South and East Asia.
The Country Director said that thefall in the prices of oil revenue as witnessed within the last three years leftNigeria vulnerable to global oil prices. He, however, noted that the bank hadbeen trying to help the government of Nigeria to raise the level of domesticmobilisation.
Also in his remarks, the Head ofDepartment for International Development Nigeria, Christopher Pycroft said thatimproving domestic revenue had become imperative, not just for the Federal butalso the state governments.