Nigeria: Governors Want More Money - More Taxes Coming

17 November 2009

Nigerian citizens across the board would have to start coughing out a plethora of taxes with state governments in the country determined to start funding their budgets with Internally Generated Revenue (IGR) beginning from the 2010 financial year.

At the opening of a 3-day National Round Table Strategy Session on IGR organised by the Nigeria Governors' Forum in Abuja yesterday, the governors spoke on the need to rely less on money received from the Federation Account and to instead institute taxes on a variety of things. The main focus is to make IGR replace the Federation Account as the states' main revenue source.

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