NRA Disappoints Bio

Sierra Leone’s Minister of Finance Sheku Ahmed Fantamadi Bangura has held a series of direct engagements with the National Revenue Authority (NRA) in response to significantly lower-than-expected domestic revenue generation for January and February 2025 The meeting, held at the Customs Department, focused on the country’s poor revenue performance, with President Dr. Julius Maada Bio showing his disappointment over the decline. “President Bio is frustrated with the low revenue figures, especially with a revenue-to-GDP ratio of just 8.1%,” said Minister Bangura. “We need to take immediate action to boost revenue, especially as government spending continues to rise.” Bangura stressed the importance of following tax laws and reforms. He also pointed out the government’s investment in new technologies aimed at improving tax collection.