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Taxing hunger in Iregba

Taxing hunger in Iregba
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Taxing hunger in Iregba, by Lasisi Olagunju

Taxing hunger in Iregba, by Lasisi Olagunju
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Nigerians pay one of world's highest 'implicit tax rates' -- Adesina

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. ....

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