Close Menu
OsunDailyNG
  • NATIONAL
  • LATEST
  • POLITICS
  • OSUN NEWS
  • METRO
  • ENTERTAINMENT
  • SPORT
  • BUSINESS
  • WORLD
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
OsunDailyNGOsunDailyNG
Subscribe
  • NATIONAL
  • LATEST
  • POLITICS
  • OSUN NEWS
  • METRO
  • ENTERTAINMENT
  • SPORT
  • BUSINESS
  • WORLD
OsunDailyNG
Home ยป FG to increase tax-to-GDP ratio to 18%
LATEST

FG to increase tax-to-GDP ratio to 18%

OsunDailyBy OsunDailyNovember 27, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Independence Day: FG declares Oct. 2 public holiday
Share
Facebook Twitter LinkedIn Pinterest Email
Reach the right people at the right time with OsunDailyNG. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication at newsdesk@osundailyng.com Call or Whatsapp: +2348132512456 07056907162

Indications emerged on Monday that tax reforms being facilitated by the Nigerian economic managers may soon effect an increase of about 18 per cent in the ratio of tax revenue to GDP.

Minister of Finance and Coordinating Minister for the Economy Wale Edun gave this clue on Monday, shortly after the Federal Executive Council meeting presided over by President Bola Tinubu.

He disclosed that the Fiscal Policy and Tax Reform Committee has been working for the past 90 days and has even impacted the economy by coming up with initial reforms as well as signposting the way forward in terms of very important targets.

According to Edun, the policy on VAT removal on diesel came from the tax administrators, who are looking to help boost the fiscal situation of the government by increasing revenue, particularly tax revenue, through digitalization, additional efficiency, and rationalisation of the range of taxes that we have at the moment.

He stated: โ€œThey are looking to increase the ratio of tax revenue to GDP to 18 per cent, which is the average for Africa; so many countries are above that level. It is actually about double where we are now and within a matter of a few years, their target is to reach 18 per cent. Other economic measures, in the short term, are being contemplated, and their report was well received by Mr. President and indeed, the whole Federal Executive Council.โ€


Reach the right people at the right time with OsunDailyNG. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication at newsdesk@osundailyng.com Call or Whatsapp: +2348132512456 07056907162
Increase ratio taxtoGDP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
OsunDaily
  • Website

Related Posts

Anti-Matawalle protests sponsored by Zamfara Govt – APC group

May 10, 2025

Gunmen kill three security personnel during attack on anti-banditry office in Jigawa

March 6, 2025

Troops rescue abducted lecturer in Plateau

March 4, 2025

Comments are closed.

Facebook X (Twitter) Instagram WhatsApp Telegram Threads
  • Home
  • Privacy Policy
  • Advertise with US
  • Contact Us
  • About Us
© 2025 OsunDailyNG Media Hub. Designed by OsunDailyNG Media Hub.

Type above and press Enter to search. Press Esc to cancel.

Join Osun DailyNG Media Hub

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.