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Headline : Concerns over Nigeria’s fiscal health, as Speaker Abass says nation’s VAT collections is lowest in Africa

Read more from the original article on here at www.ripplesnigeria.com.






Tags : #concerns #over #nigerias #fiscal #health #speaker #abass #says #nations #vat #collections #lowest #africa


No. of Paragraph 51

Nigeria’s tax collection system faces scrutiny after the Speaker of the House of Representatives, Tajudeen Abbas, declared the country had the lowest Value Added Tax (VAT) collection efficiency in Africa.

Abbas made the statement during a speech on economic transformation strategies, highlighting the inefficiency as a significant weakness in the nation’s fiscal system.

This was while delivering a keynote address at the opening of a two-day retreat for members of the House, in Abuja.

He said, ”Comparatively, Nigeria’s efficiency in collecting Value Added Tax is the lowest among its African peers, indicating significant inefficiencies in its tax system.

Read more from the original article on here at www.ripplesnigeria.com.


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