Nigeria’s Tax-to-GDP ratio which, in the last 12 years, hovered between five per cent to six per cent rose to 10.86 per cent by the end of 2021.
The new ratio was communicated to the Federal Inland Revenue Service (FIRS), via a letter signed by the Statistician-General of the Federation, Prince Adeyemi Adeniran, on the 25th of May 2023, following a joint review by the Nigerian Bureau of Statistics (NBS), in collaboration with the Federal Ministry of Finance and the FIRS, using data from 2010 to 2021.
