Nigeria will slash import duties on food, vehicles and industrial inputs from July 1, the Presidency said on Tuesday, as Africa’s most populous country seeks to rein in inflation and ease rising living costs. The cuts include sharp tariff reductions on rice, sugar, palm oil, passenger vehicles and construction materials, with full exemptions for electric…
The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) have renewed their commitment to deepen collaboration in a bid to strengthen Nigeria’s tax compliance framework and boost public revenue. The development marks another step in the government’s push to curb leakages and foster voluntary tax compliance among citizens and businesses….
The International Monetary Fund (IMF) has pledged to sustain its support to the Federal Inland Revenue Service (FIRS) to help deepen tax administration and strengthen Nigeria’s revenue mobilisation efforts. Speaking during the opening of an IMF-supported Headquarters Mission at the FIRS headquarters in Abuja, a Senior Economist at the Fiscal Affairs Department of the IMF,…
