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Only 10 million Nigerians are paying taxes to the government according to the Join Tax Board report, reports the Daily Trust.
Nigeria, the most populous country in Africa with at least 182 million as of 2015 according to the World Bank Statics is in a dilemma of improving tax revenue generation.
“Looking at membership in the small scale sector, they are said to have 37.5 million members; the total tax base for individuals in Nigeria is 10 million, so there’s a short fall of over 27.5 million… When you look at the corporate sectors as well, half a million are not paying taxes, some are collecting VAT but are not remitting to government.” Said Mr Tunde Fowler, The Chairman, Federal Inland Revenue Service to the Punch
