The
Nigerian government, in 2015 hopes to raise N10.56 billion additional revenue
from levies on luxury items – one of the strategies it is adopting to shore up
revenue to manage the economy in the light of present shocks coming from
falling oil prices.
Ngozi
Okonjo-Iweala, co-ordinating minister for the economy and minister of finance,
announced that beginning next year, a 10 percent import surcharge would be
imposed on new private jets and that this is estimated to yield about N3.7
billion to the federation revenue.
The
government has also slammed a
