• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Op-Eds

FG identifies initiatives to grow revenue

CSL Stockbrokers by CSL Stockbrokers
July 24, 2020
in Op-Eds, Spotlight
Federal Government to activate full potentials of mining sector

Mrs Ahmed Zainab

Share on FacebookShare on TwitterShare on Linkedin

Yesterday, local print media sources quoted the Minister of Finance, Budget & National Planning ‘saying the Federal Government has identified initiatives it would take to generate Revenue of N13.0tn – N18.0tn in order to achieve its Revenue to GDP ratio of 15.0%. In the statement credited to her, she stated that State Governments would have a quota of N3.4tn to contribute to the target. These initiatives were identified under the Strategic Revenue Growth Initiative (SRGI) of the government which was inaugurated last year.

READ: FCMB Pensions Limited enters into an agreement to acquire 96% of AIICO Pensions Limited

Nigeria has faced significant revenue challenges in recent years. Actual Revenue has consistently underperformed budgeted revenue with average revenue performance of 63.6% between 2014 – 2019. The fiscal condition of the Federal Government has been exacerbated with the pandemic affecting both oil and non-oil revenue sources. According to the Minister of Finance, Federal government Revenue in Q1 2020 was N951.0bn against a pro-rated budget of N2.0tn within the quarter. Underperformance in revenue targets has led to sustained increase in Nigeria’s debt levels with the government increasingly relying on external and domestic borrowings to finance its fiscal deficit. The attendant impact of this has been a spike in Debt Service to Revenue ratio to 99.2% in Q1 2020 (FY 2019 – 59.4%).

RelatedStories

Nigerian Stock Exchange

Top 10 Nigerian stockbrokers of 2024 by transaction value 

January 17, 2025
Investments

How to invest in Nigerian stocks in 2024  

January 3, 2024

READ MORE: FCMB Pensions Limited enters into an agreement to acquire 96% of AIICO Pensions Limited

READ MORE: We are still studying ‘Eco’ adoption by ECOWAS members- FG

While the Minister did not provide highlights of the said initiatives identified to boost and diversify revenue, we reiterate our opinion that the Federal Government has to prioritise the subject of revenue diversification. The impact of the global pandemic has further intensified the need to do so. Efforts must be deepened to broaden the tax net, opportunities in many underutilized sectors such as mining & tourism must be exploited while the Federal
Government should also focus on implementing policies and providing needed infrastructure to drive business growth, which will enhance corporate profitability and in turn tax revenue.

READ: CBN reduces MPR to 12.50%, holds other metrics


 

CSL Stockbrokers Limited, Lagos (CSLS) is a wholly owned subsidiary of FCMB Group Plc and is regulated by the Securities and Exchange Commission, Nigeria. CSLS is a member of the Nigerian Stock Exchange.


Follow us for Breaking News and Market Intelligence.
Tags: CSL StockbrokersCSL Stockbrokers LimitedNigeria NewsSRGIStrategic Revenue Growth Initiative
CSL Stockbrokers

CSL Stockbrokers

Related Posts

Nigerian Stock Exchange
Equities

Top 10 Nigerian stockbrokers of 2024 by transaction value 

January 17, 2025
Investments
Financial Literacy

How to invest in Nigerian stocks in 2024  

January 3, 2024
CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies
Currencies

Updated: Tracker of CBN’s monetary policy announcements since 2020

December 10, 2022
NGX closes positive as investors gain N272 billion
Financial Analysis

Top 10 performing stockbroking firms in Nigeria for May 2022

June 3, 2022
electricity bill
Financial Literacy

How to reduce your electricity bill in Lagos

November 19, 2021
5th evacuation flight for Nigerians in the US scheduled for July 31; see details
Business News

Twitter Ban: Nigeria to meet foreign diplomats on Monday

June 7, 2021
Next Post
MTN Nigeria, MTN Nigeria Communications Plc. begins N100 billion commercial paper issuance today, MTN Nigeria Communications Plc: increase in other income, others boost revenues.

MTN expands scope of tower service, targets rural connectivity

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Nigeria Immigration opens visa amnesty for foreigners with expired documents, sets September 30 deadline 
  • FG partners Amazon Web Services to provide free digital skills training in Nigerian tertiary institutions 
  • Nigeria’s top 10 stockbrokers by value of transactions in second quarter 2025 

Follow us on social media:

Recent News

President Tinubu appoints Ibrahim Gaga as new Executive Director of NEXIM Bank  

Nigeria Immigration opens visa amnesty for foreigners with expired documents, sets September 30 deadline 

July 6, 2025
FG inaugurates 25-member committee to establish Nigerian Education Data Initiative 

FG partners Amazon Web Services to provide free digital skills training in Nigerian tertiary institutions 

July 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics