Non-oil revenue includes company income tax (CIT), value-added tax (VAT), custom and excise duties, independently generated revenue (IGR), tax amnesty, recoveries, proceeds from restructuring government’s equity in oil joint ventures and other sundry incomes.
Total proposed non-oil revenue for the 2018 budget stated to be about N4.164 trillion is likely unattainable based on existing trends, which might lead to an increase in the 2018 budget deficit of N2.005 trillion, BusinessDay analysis show.
The revenue projection for the year stated to be N6.607t
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