During the first edition of the weekly meeting of revenue collection agencies, the Nigerian Minister of State for Finance, Nekruka Azuka, announced an ambitious strategy to enhance non-oil revenues and achieve financial sustainability, within the Renewed Hope Agenda led by President Bula Ahmed Tinubu.
The minister said that collecting local revenues has become more urgent in light of the limited financial space and high development needs, noting that the government’s goal is to raise the ratio of revenues to gross domestic product from 12.5% to 18% by 2030.
Azuka added that the government's strategy is based on thoughtful tax and non-tax policies, modernizing revenue management mechanisms, and activating performance management systems in real time, while emphasizing that accountability, justice, and quality of services represent major pillars in enhancing trust between the government and citizens.
The Minister explained that this path seeks to diversify revenue sources, enhance financial flexibility, and achieve long-term economic sustainability, stressing that cooperation between various agencies and raising operational efficiency will be key to achieving the ambitious goals. Azuka concluded her statement by saying: “Together, we will unleash Nigeria’s revenue collection potential, and turn the goal of 18% of revenues to GDP into a tangible reality by 2030.”
