Justina Okoro News Today : Breaking News, Live Updates & Top Stories | Vimarsana

• Revenue could be raised to over N12tr with plugged loopholes
• Nigeria’s IGR, company tax decline in 2020 as VAT revs up
• Tax evasion, avoidance may persist as revenue pressure mounts 
• ‘With good tax system, govt has no business borrowing’
The inability of the Federal and state governments to judiciously use tax revenue, especially in reducing the challenges faced by masses and the Organised Private Sector (OPS), as well as weak technical and human capacity, may continue to limit potentials of tax revenue in the country.
This is coming in the face of declining revenue amid controversy over whether or not the Central Bank of Nigeria (CBN) is printing money to meet revenue shortfalls . ....

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