The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said Nigeria’s revenue challenge lies in expanding the tax net rather than increasing tax rates, stressing that the country needs more taxpayers, not higher taxes.
Oyedele made the remark on Thursday while receiving a delegation from the Chartered Institute of Taxation of Nigeria (CITN) at his office in Abuja.
The minister commended the institute for introducing a National Tax Awareness Day and for supporting the Federal Government’s ongoing tax reforms.
He, however, urged the institute to intensify public enlightenment, noting that many Nigerians still view taxation as a means for the government to take money from citizens.
According to Oyedele, the government’s priority is not to increase tax rates but to broaden the tax base by ensuring that all eligible taxpayers meet their obligations.
“We are still not getting enough revenue from taxes. It is not about
This post was originally published on this site.
