• Says economy has moved from crisis management to consolidation as revenue collections doubled

•Laments low tax-to-GDP ratio, high debt servicing obligations, and large number of out-of-school children, others

•Recommends institutionalising Executive Order 9 in legislation, fiscal framework for emerging gas economy, creation of joint capital-flow monitoring system with CBN, others

James Emejo in Abuja

Nigeria Revenue Service (NRS) said the economy made a significant transition from a period of acute macroeconomic distress to a more stable and resilient footing within three years of President Bola Tinubu’s administration.