Mr. Muhammad Nami, Executive Chairman of FIRS After hovering between 5% and 6% in the last 12 years, Nigeria’s Tax-to-GDP ratio rose to 10.86% by the end of 2021. The new ratio was communicated to the Federal Inland Revenue Service (FIRS), via a letter signed by the Statistician-General of the Federation, Prince Adeyemi Adeniran, on May 25, 2023, following a joint review by the Nigerian Bureau of Statistics (NBS), in collaboration with the Federal Ministry of Finance and the FIRS, using data from 2010 to 2021. The revision took into…
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