#NES24 Roundtable - Leveraging Domestic Resource Mobilisation for Sustainable Development


Sunday, October 21, 2018   10.35AM  / By NESG, Supported by Bill & Melinda Gates Foundation 


Time:            2:00pm – 4:00pm

Venue:          Congress Hall, Transcorp, Abuja


Session Synopsis


Nigeria’s revenues have historically been low and overly dependent on the oil sector. The International Monetary Fund (IMF) estimates that revenue collected in 2016 across all tiers of government was only about 6% of GDP. Historically, more than 70% of those revenues have come from the oil sector while the non-oil sectors which account for more than 90% of GDP has historically contributed about 30% to revenues.


This limits Nigeria’s ability to credibly execute its development plans and to fund critical social sector programs in health, education and infrastructure for example. It also leaves Nigeria very vulnerable to macro-economic shocks from low oil prices.


The most recent fall in oil prices threw Nigeria into a fiscal crisis with spill-over effects on the economy resulting in a recession in 2016. Building a strong revenue base that is balanced between the oil and non-oil sector is therefore critical to sustainably finance Nigeria’s development programs and long term macro-economic stability.


The 2018-2020 Fiscal Strategy is focused on broadening revenue receipts by identifying and plugging revenue leakages, improving the efficiency and quality of capital spending, greater emphasis on critical infrastructure, rationalization of recurrent expenditure, and gradual fiscal consolidation to maintain the fiscal deficit below 3% of GDP as prescribed by the Fiscal Responsibility Act, 2007.


This Roundtable is a convergence of a range of expert perspectives, research findings, analytics and diagnostics to provide cutting edge insights on some of the most formidable issues that Nigeria faces in leveraging Domestic Resource Mobilization (DRM) for driving its Sustainable Economic Growth and Development.



Proshare Nigeria Pvt. Ltd.





Opening Remarks by Chairman of Roundtable Session (10 minutes)

  • Dr. Sarah Alade; Chairman of Gates Foundation supported NESG Fiscal Policy Roundtable and former Deputy Governor (Economic Policy), Central Bank of Nigeria


The Fiscal Roundtable Video Documentary: “Citizens Perceptions About Fiscal Governance in Nigeria.”


Presentations (30 minutes)


Fiscal Governance and Taxation – Where Are We Now and Where Can/Should We Go from Here?

  • Dr. Doyin Salami; Co-Chair & Resident Commissioner, Fiscal Policy Roundtable


Mapping the Perspectives and Challenges of Domestic Resource Mobilization in Nigeria

  • Mr. Amine Mati; Mission Chief/Senior Resident Representative


Tax Optimisation – Global Lessons for the Nigerian Context

  • Dr. Neil McCulloch, Principal, The Policy Practice



High-Level Panel Discussion (60 minutes)

  • His Excellency Nasir El-Rufai; Executive Governor of Kaduna State
  • Dr. Doyin Salami, Co-Chair/Resident Commissioner, Fiscal Policy Roundtable
  • Mr. Amine Mati, Mission Chief/Senior Resident Representative
  • Dr. Neil McCulloch, Principal, The Policy Practice
  • Prof. Teju Somorin, FCTI; Professor of Taxation Immediate Past President, Chartered Institute of Taxation of Nigeria (CITN) & Coordinating Dean of CITN Tax Faculties



Mr. Olufemi Awoyemi (FCA); Chairman, Proshare


Comments, Question and Answers (15 minutes)


Closing Remarks by Chairman of Roundtable Session (5 minutes)

Dr. Sarah Alade, Chairman, NESG Fiscal Policy Roundtable



Proshare Nigeria Pvt. Ltd.



Related News

1.       24th NESG Summit to focus on making Governance and Institutions work  Sept 18, 2018

2.      NASSBER Bills – A Status Update On Market Related Legislation  Sept 21, 2018

3.      NESG Announces NES#24 Startup Pitching Event  Aug 02, 2018

4.      IMF - Transcript of the Press Conference of the October 2018 Fiscal Monitor

5.      IMF: World Economic Outlook, October 2018 - Challenges To Steady Growth

6.      IMF appoints Harvard’s Gita Gopinath as chief economist

7.      A Global Tipping Point: Half The World Is Now Middle Class Or Wealthier

8.     FG welcomes UN’s move to tackle development challenges in the Sahel Region

9.      AfDB and Purdue University to hold conference on successful technologies for African farmers

10.  AfDB Releases Flagship Report, 2018 African Economic Outlook in Arabic, Hausa and Kiswahili

11.   Nigeria Exits Recession and Looks Beyond Oil

Related News