This may vindicate Nigerian minister of finance as California generates almost half of Nigeria’s budget in taxes in 4 months Updated for 2021


Updated: February 26, 2021

The state of California in the United States has generated over $9 billion in tax revenue in the past four months, Governor Jerry Brown said on Friday.

That amount of money is almost 40 percent of what the oil-rich West African country of Nigeria expects to generate from all its revenue in 2018.

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Nigeria is hoping to generate about $23 billion in 2018 from all its incomes, including tax, oil, customs, grants and loans.

The Nigerian minister of finance Mrs. Kemi Adeosun has repeatedly lamented the low tax compliance rate in Africa’s most populous country.

This week, she told officials from the World Bank that only 19 million Nigerians and businesses out of 65 million possible tax payers are tax compliant.

And that number has improved from 14 million tax payers in 2016 because of her aggressive tax revenue drive.

She has argued that more taxes would lead to better infrastructure and resources to drive the economy.

Late last year, she gave tax defaulters until March 31, 2018, to pay or be shamed and punished. But with an election only months away, President Muhammadu Buhari pushed the sanctions forward by a few months.

In California, Governor Jerry Brown said as few as 15,000 tax filers in the state provide one-quarter of all income taxes, according to a report by the LA Times.

California, also known as the Golden State, collected “an unexpected $9 billion in tax revenue in recent months, $3 billion more in cash than projected in January.”

Brown plans to use a large chunk of the money to combat the state’s homelessness problem, Axios reported.



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