The Nigerian government wants to get more people and businesses to pay taxes. This will help the country get more money to take care of its citizens.
The government has introduced a project called “Tax Identification Consolidation and Collaboration” (TICC), which will make sure more people are included in the tax system.
They also plan to stop certain taxes for small businesses to help them grow.
As part of these changes, the government will work with state governments to stop taxes on things like transportation, markets, and small shops.
The government also wants to make the economy stronger and create more jobs by changing some tax laws.
For example, they want to make it easier for people working in the digital economy to get jobs.
To help students, the government will use money from a special education fund to give loans.
They are also making sure that government agencies now accept payments in naira instead of dollars to support Nigeria’s own currency.
Source: Business Day