Nigeria Plans to Digitize Tax Collection to Boost Revenue

Government plans an “electronic invoicing” of value added tax that“ would make it hard or impossible to evade tax,” Taiwo Oyedele, head of a committee appointed in July by President Bola Tinubu to overhaul Nigeria’s tax laws and fiscal policy, says at a virtual briefing.

• The measure will “double what we are collecting now”
• Nation also plans to remove tax incentives that are no longer required to raise revenue
• Seeks to explore opportunities in the sale or privatization of “government assets that are not being well utilized”
• NOTE: Debt Costs Tower Over Education, Health in Nigeria Budget

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