Nigeria’s parliament has requested that the government consider increasing taxes on luxury goods in an effort to boost revenues, it said on Tuesday.
A Senate-approved expenditure plan showed that Nigeria can be expected to generate 172.47 billion naira ($564 million) from privatisation proceeds this year.
The budget deficit for 2019 is estimated at 1.86 trillion naira ($6.1 billion), according to the plan. Lawmakers said the deficit would be covered via borrowing, privatisation proceeds and loans secured for specific projects.
