The silent threat to Nigeria’s tax reform success

Despite the Nigerian Customs Service (NCS) installing container scanners in 2022, data from the Federal Inland Revenue Service (FIRS) reveal a concerning trend: the ratio of import taxes to non-oil taxes declined from 7.77 percent in 2019 to 7.43 percent in 2023. While ongoing tax reforms are commendable, the government must address additional challenges to achieve its projected revenue targets by 2025. A report by Financ