Nigeria’s Tax-to-Gross Domestic Product (GDP) ratio rose to ten point eight-six percent in 2021.
In a letter by the Statistician-General of the Federation, Prince Adeyemi Adeniran, to the Federal Inland Service (FIRS), the new ratio followed a joint-review of 2010 to 2021 data by the National Bureau of Statistics (NBS), FIRS and the Federal Ministry of finance.
It could be recalled that in the last twelve years, Nigeria’s Tax-to-GDP hovered between five-to-six percent.
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