Ikeja : Nigeria must increase vat and excise taxes, imf insists (Ikeja) NGN 10

 

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Nigeria must embark on a comprehensive tax reform to “sustainably increase its non-oil revenue” considered to be among the lowest in ratios to GDP in the world, the International Monetary Fund (IMF) has said. The nation has important development needs “big time” and with its non-oil revenue to GDP at around 3.4 and total tax revenue to GDP around eight per cent, Nigeria will not be able to effect such developments without tax reforms, noted IMF Assistant Director, Fiscal Affairs […]
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April 17, 2019 3:06 am

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