Nigeria sets 3-year timeline to achieve 7% tax to GDP ratio

Nigeria sets 3-year timeline to achieve 7% tax to GDP ratio

Faced with shrinking revenue, Nigeria is set to significantly raise tax compliance across the country. Kemi Adeosun, Minister of Finance said the country is targeting a tax to GDP ratio of seven percent by 2019 and ten percent by 2021, in a teleconference organised by investment firm, FBN Quest, Thursday, 27 October. At five percent,…

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