The Federal Government on Thursday said, it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn, and achieve its 15 per cent revenue to Gross Domestic Product target.
It also stated that states would need to generate N3.4tn to realise this, adding that the COVID-19 pandemic had brought to the fore the need and urgency to further diversify the sources of government revenue.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said the Strategic Revenue Growth Initiative of government inaugurated last year would help the government in achieving this revenue growth target.