Business

FG projects Nigerian companies will make N9.3 trillion in gross operating profits for 2024

The federal government is targeting that corporate Nigeria will earn a combined gross operating profit of N9.3 trillion in 2024 and from there will be able to generate a company’s income tax revenue of N3 trillion in 2024 up from N1.9 trillion budgeted for 2023.


This was contained in the Medium Term Expenditure framework released by the federal government during the week.


The government also targeted a total of N20.69 trillion in the Net Federal Account revenue pool, which is money divided up between the FG, States, LGA, National Assembly, and Judiciary. (See image below)