The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun on Tuesday, February 6, 2024 lamented that Nigeria’s tax to Gross Domestic Product (GDP) level currently at 10%, is one of the lowest in the world.
He noted that the tax-to-GDP ratio in other African countries is close to 25% while it is above 50% in developed countries.
He disclosed that at over 50% in ways of tax collection, it facilitates investment in social infrastructure, social services, welfare, and a whole lot more.
