Nigeria Sets Sights on 18% Tax-to-GDP Ratio for...
International News
August 11, 2023
Nigeria is embarking on an ambitious tax reform with a goal to nearly double its tax to GDP ratio within the next three years. Led by President Bola Tinubu, the plan aims to elevate the nation's tax revenue to 18 percent of its GDP, a move intended to stimulate economic growth and development. This strategic initiative reflects Nigeria's commitment to enhancing its fiscal framework for a more robust and sustainable economy.