IMF Pushes FG Over New Tax Levy
The International Monetary Fund has advised the Federal Government to consider introducing taxes on fuel and telecommunications services as part of efforts to boost public revenue.
The recommendation forms part of broader proposals aimed at strengthening government finances and reducing fiscal pressures.
According to the IMF, expanding the tax base could help Nigeria generate more income to fund public services and development projects.
The organisation noted that improving revenue collection remains important for maintaining economic stability and supporting long-term growth.
The proposal comes as the government continues to seek ways to increase earnings amid rising spending needs and economic challenges.
Fuel and telecom services are among the sectors identified as potential sources of additional revenue due to their wide usage across the country.
While the recommendation may spark public debate over its impact on living costs and business activities, the IMF maintains that stronger revenue generation is necessary to improve fiscal sustainability and support national development goals.
