{
  "title": "Nigeria: Selected Issues",
  "publication": "IMF Staff Country Reports, March 7, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/03/07/nigeria-selected-issues-45700",
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  "summary": "This Selected Issues paper analyzes mobilization of tax revenues in Nigeria. Low non-oil revenue mobilization is affecting the government’s objectives to expand growth-enhancing expenditure priorities, foster higher growth, and comply with its fiscal rule which limits the federal government deficit",
  "sections": [
    {
      "heading": "Overview and key findings",
      "content": "- Publication date: March 7, 2018\n- Pages: 92\n- Volume: 2018\n- Issue: 064\n- Series: Country Report No. 2018/064\n- DOI: https://doi.org/10.5089/9781484345481.002\n- Stock No: 1NGAEA2018002\n- ISBN: 9781484345481\n- ISSN: 1934-7685\n\n- Low non-oil revenue mobilization is affecting the government’s objectives to:\n  - expand growth-enhancing expenditure priorities,\n  - foster higher growth,\n  - comply with its fiscal rule which limits the federal government deficit to no more than 3 percent of GDP.\n\n- There is significant revenue potential from structural tax measures."
    },
    {
      "heading": "Detailed findings and analysis",
      "content": "- The paper analyzes mobilization of tax revenues in Nigeria, emphasizing that current non-oil revenue performance is insufficient to meet fiscal and development goals.\n- Identified sources of revenue loss include:\n  - corporate tax holidays,\n  - widespread use of other associated tax expenditures,\n  - narrow bases of income and consumption taxes,\n  - weak incentives for subnational tiers of government to raise own-source revenues."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Implement a broad-based and comprehensive tax reform program in the short and medium term with measures to:\n  - broaden the bases of income taxes,\n  - broaden the bases of consumption taxes,\n  - close loopholes and leakage created by corporate tax holidays and other tax expenditures,\n  - create incentives for subnational tiers of government to raise their own-source revenues,\n  - generate sustainable revenue growth to support higher growth and compliance with the 3 percent of GDP federal deficit fiscal rule."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subject: Corruption, Crime, Excises, Financial services, Gender, Tax incentives, Taxes, Value-added tax, Women, Yield curve\n- Keywords: Africa, Corruption, corruption case, CR, Excises, Global, impulse response function, income, income inequality, ISCR, loading factor, Nigeria, poverty gap, revenue, Southern Africa, Sub-Saharan Africa, Value-added tax, Women, yield, Yield curve, zero-coupon yield curves\n\nSource: Nigeria: Selected Issues (IMF Staff Country Reports 2018, 064).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 7, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484345481.002",
    "Publication date: March 7, 2018",
    "Pages: 92",
    "Volume: 2018",
    "Issue: 064",
    "Series: Country Report No. 2018/064",
    "DOI: https://doi.org/10.5089/9781484345481.002",
    "Stock No: 1NGAEA2018002",
    "ISBN: 9781484345481",
    "ISSN: 1934-7685",
    "Low non-oil revenue mobilization is affecting the government’s objectives to:",
    "There is significant revenue potential from structural tax measures.",
    "The paper analyzes mobilization of tax revenues in Nigeria, emphasizing that current non-oil revenue performance is insufficient to meet fiscal and development goals.",
    "Identified sources of revenue loss include:",
    "Implement a broad-based and comprehensive tax reform program in the short and medium term with measures to:",
    "Subject: Corruption, Crime, Excises, Financial services, Gender, Tax incentives, Taxes, Value-added tax, Women, Yield curve",
    "Keywords: Africa, Corruption, corruption case, CR, Excises, Global, impulse response function, income, income inequality, ISCR, loading factor, Nigeria, poverty gap, revenue, Southern Africa, Sub-Saharan Africa, Value-added tax, Women, yield, Yield curve, zero-coupon yield curves",
    "**Country Report**"
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