Tax drive: Confidentiality concerns as FG mines individuals bank accounts

According a World Bank ranking, Nigeria’s tax-to-GDP ratio is one of the lowest in the world at 6 per cent; even by African countries performance.

Whilst the rich evade paying taxes, the poor are the hardest hit. “Tax evasion leaves an unfair burden of payment on those who can afford it least – Nigeria’s poorest people” Minister of Finance, Minster Kemi Adesoun said recently. Read more