In a concerted effort to revamp domestic revenue generation, the National Revenue Authority (NRA) and the Ministry of Finance have launched a strategic approach aimed at addressing key challenges and enhancing revenue performance.
During a high-level meeting held on February 25, 2025, at the Customs Services Department, Minister of Finance, Sheku Ahmed Fantamadi Bangura conveyed President Dr. Julius Maada Bio’s directive on the urgent need to bolster revenue mobilization. Highlighting the country’s revenue-to-GDP ratio, which stands at a mere 8.1% against persistently high expenditure levels, the Minister underscored the necessity of prioritizing revenue enhancement initiatives.
Sheku Ahmed Fantamadi Bangura pointed out critical challenges impeding revenue collection, including outdated compliance measures, insufficient technological integration and the need for improved staff accountability. To address those issues, he outlined a series of reforms focusing on the deployment of advanced technology and enhanced administrative practices. He reaffirmed the Government’s commitment to investing in technological solutions that would optimize tax collection, administration and overall financial management.
Financial Secretary, Matthew Dingie, emphasized the collective responsibility in revenue generation, urging NRA personnel to make full use of the tools and systems at their disposal. He assured the NRA team of the Ministry of Finance’s unwavering support while stressing the need for a cultural shift towards greater accountability and performance-driven motivation within the institution.
NRA Board Chair, Kabineh M. Kallon, encouraged staff to view revenue targets not just as benchmarks but as aspirational goals that should drive proactive engagement. He called for strict adherence to tax laws and the implementation of strategic measures to maximize revenue collection.
Commissioner General of the NRA, Jeneba J. Bangura, reaffirmed that immediate actions are underway to address current revenue challenges. She emphasized that the engagement of the Ministry of Finance leadership serves as a testament to the President’s commitment to revenue mobilization while also galvanizing NRA staff to adopt best practices and enhance compliance measures.
The collaboration between the Ministry of Finance and the NRA signals a resolute commitment to overcoming existing challenges and improving revenue performance. Through targeted reforms, heightened accountability and technological advancements, the NRA is poised to transform the country’s revenue landscape in the months ahead.
