The Nigerian Federal Government is setting its sights on a substantial revenue boost from the oil sector in 2024, with plans to achieve a remarkable 214% increase in Petroleum Profit Tax (PPT) collections. According to data from the Federal Inland Revenue Service (FIRS), the government aims to rake in N9.96 trillion from PPT, representing a significant leap from the N3.17 trillion generated in 2023 and an 89% hike over the initial projection of N5.26 trillion for the same year.

READ MORE: https://lekkibizchronicle.com/2024/02/08/nigeria-aims-for-214-boost-in-oil-sector-ppt-revenue-in-2024/