HomeBusinessNigeria‘ll witness monumental devt with correct tax system — Oyedele

Nigeria‘ll witness monumental devt with correct tax system — Oyedele

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By Emma Ujah, Abuja Bureau Chief

The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, yesterday said   that Nigeria will witness monumental development, if the nation gets her tax system right.

He spoke when he received a delegation of the Chartered Institute of Taxation of Nigeria (CITN) in his office in Abuja.

The minister commended the leadership of CITN for the initiative of a National Tax Awareness Day and for supporting the tax reform of the federal government.

He charged the institute to do more because according to him, “many Nigerians still believe that when the government speaks about tax it is just to take money from the people.”

Oyedele said that the government was not yet receiving enough tax revenue but that its focus was to expand the tax net, not increase the rate of taxes.

“We are still not getting enough revenue from tax, it

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