19 million tax payers in Nigeria from 14 million in 2016, finance minister Adeosun says

82,088FansLike
2,966FollowersFollow
2,700SubscribersSubscribe
82,088FansLike
3,122FollowersFollow
2,700SubscribersSubscribe

Updated: March 7, 2021


The number of Nigerians paying tax has gone from 14 million in 2016 to 19 million in 2018 from the 65 million economically active people in Nigeria who are not tax complaint, the minister of finance Kemi Adeosun disclosed on Thursday.

Mrs. Adeosun has made tax payment a major piece of her aggressive revenue generation drive. She had repeatedly argued that the money was needed to build infrastructure and drive the economy.

Late last year, she gave tax evaders until March 2018 to pay their taxes or be shamed and punished. But with an election next year, President Muhammadu Buhari extended the deadline by a few months.

“By 2019, the growth will be stronger than the present level in 2018. We are optimistic in sustaining Nigeria’s economic growth. That is why we are driving the mobilisation of more revenues.

“We have been able to grow the tax payers’ base to 19 million in two years from the 65 million economically active people who are not tax complaint,” Adeosun said at a meeting with a World Bank Mission of 10 Executive Directors led by Mr. Patrizio Pagano.

The leader of the World Bank Mission to Nigeria, Patrizio Pagano said the team was in the country to acquaint itself with the Government’s growth and power priorities.

“We have met with several Nigerian entrepreneurs and have seen how vibrant the private sector is. We want to understand how the power sector is evolving in Nigeria,” Pagano said.

The World Bank officials had earlier met with the organised private sector in Lagos and undertaken a tour of LAPO Microfinance project in Lagos.

The 10 World Bank’s Executive Directors, representing 96 countries, are expected to inspect the Azura Power Plant in Edo State in the course of their three-day visit to Nigeria.

The visit is expected to provide a first-hand impression of the challenges that both the Federal and State Governments face in implementing development projects as well as ensuring good governance overall.

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

WhatsApp Image 2020 12 12 at 17.28.57
Today News Africahttps://todaynewsafrica.com
Today News Africa is a US-based international news organization focused on US-Africa policy and breaking news. Our goal is to provide truthful and exclusive stories to a diverse audience across North America and the African Continent. Subscribe to our news page at https://todaynewsafrica.com/ and Follow us on Twitter @todaynewsafrica

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

TRENDING

Confidential U.S. government report concludes Ethiopia Prime Minister Abiy Ahmed leading ethnic cleansing in Tigray region

A confidential U.S. government report has concluded that the government of Prime Minister Abiy Ahmed in Ethiopia along with allied militia fighters are leading a systematic campaign of ethnic cleansing in Tigray."Whole villages were severely damaged or completely erased," the report, first obtained by The New York Times, says.It adds that fighters from the neighboring Amhara region of Ethiopia who moved to Tigray...

Stay connected

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

error: Alert: Content is protected !!
Share
Tweet
Reddit
Pocket
Share
More