Nigeria’s tax-to-gross domestic product (GDP) ratio rises ten points to eight-six percent in 2021.

In a letter by the Federation’s Statistician-General, Prince Adeyemi Adeniran, to the Federal Inland Service (FIRS), the new ratio followed a joint review of data from the National Bureau of Statistics (NBS), FIRS and 2010 to 2021. Federal Ministry of Finance.

It may be recalled that in the last twelve years, Nigeria’s tax-to-GDP ranged between five and six per cent.

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