Distinguished Ladies and Gentlemen
I would like to wish you Mr. President and all of Nigeria a Happy and Prosperous New Year. I am delighted to address you today, as President of the African Development Bank – and as a Nigerian.
I thank you Mr. President for your incredible leadership, tenacity and resolute support behind my re-election as President of the African Development Bank for a second term. I am proud to be a Nigerian, any day, anytime and anywhere.
Thank you Mr. President for inviting me to this First National Tax Dialogue organized by the Federal Inland Revenue Services (FIRS). I congratulate you on this Dialogue.
7 min read
The president of the African Development Bank, Akinwunmi Adesina, has urged the Nigerian government to improve governance and reform its tax system, saying Nigerians pay one of the highest implicit tax rates in the world.
He acknowledged that conventional tax rates are low in the country, but distinguished those from “implicit tax”, which are “borne but are not seen nor recorded”.
“Truth be told, Nigerians pay one of the highest implicit tax rates in the world way higher than developed countries,” Mr Adesina said Thursday at the Federal Inland Revenue Service Tax Dialogue, attended virtually by President Muhammadu Buhari.
Distinguished Ladies and Gentlemen
I would like to wish you Mr. President and all of Nigeria a Happy and Prosperous New Year. I am delighted to address you today, as President of the African Development Bank – and as a Nigerian.
I thank you Mr. President for your incredible leadership, tenacity and resolute support behind my re-election as President of the African Development Bank for a second term. I am proud to be a Nigerian, any day, anytime and anywhere.
Thank you Mr. President for inviting me to this First National Tax Dialogue organized by the Federal Inland Revenue Services (FIRS). I congratulate you on this Dialogue.