Debilitating effects of early policy steps of President Bola Tinubu-led Federal Government are shrinking the possibility of boosting Nigeria’s tax revenue to a level that can end the nation’s over-reliance on debt, data from critical sectors of the economy have shown.
It is not news that the major aim of the Presidential Committee on Fiscal Policy and Tax Reforms headed by Mr. Taiwo Oyedele is “to transform the tax system to support sustainable development and achieve a minimum of 18 percent tax-to- Gross Domestic Product, GDP, ratio within the next three years without stifling investment or economic growth.”
