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Nigeria: Why is it struggling to meet its tax targets?

The national authorities have given a warning that there could be a fiscal crisis in Nigeria in case tax collection ability is not improved further.

The government expenditure is constantly increasing and has got doubled along with a rise in debt servicing costs.

On the other hand, revenue collection has declined on an annual basis by approx. 45% since 2015. Apart from this, the country's national tax body, the Federal Inl

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January, 2021

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