SDGs: Tax-to-GDP Ratio Still Too Low for Development – Federal Govt

The federal government has said Nigeria must build a stronger, fairer and more efficient tax system to generate the resources needed to achieve the Sustainable Development Goals (SDGs), warning that the country’s tax-to-GDP ratio remains below the level required to finance its development ambitions.
The minister of finance and coordinating minister of the economy, Taiwo Oyedele made the declaration on Wednesday in Abuja while delivering a keynote address at a capacity building Session involving Chairpersons of State Internal Revenue Services, the Joint Revenue Board and a visiting delegation from Ethiopia studying Nigeria’s Integrated National Financing Framework (INFF).
Oyedele said ...