Nigeria Needs Tax Reform
World Economy

Nigeria Needs Tax Reform

The International Monetary Fund directed Nigeria to begin new tax reforms that will enable it improve revenues and wriggle out of the economic crisis triggered by crash in crude oil prices, AllAfrica reported. Speaking during a press briefing on Sub-Saharan Africa at the IMF/World Bank Spring Meetings in Washington on Saturday, IMF director for Africa department, Abebe Selassie, said the economic circumstances in Nigeria remain difficult. He said government has to reform its tax system but reduce the impact of such reforms on the poorest. Selassie said the government has to quickly decide on the particular tax handle it wants to use but must ensure the poor are protected from the impact of such policies. He said that without such reforms and huge investment in infrastructure, government’s objective of addressing poverty will not be achieved. “Government needs to build more schools, invest more in health and education. All of this requires resources,” he said.


Short URL : https://goo.gl/AnqwKF
  1. https://goo.gl/ab53AW
  • https://goo.gl/yRiUcI
  • https://goo.gl/XF1nr8
  • https://goo.gl/mcYhl3
  • https://goo.gl/0AcQ8I

You can also read ...

The lira has lost around 45% of its value against the US currency this year, largely over worries about Erdogan’s influence over the economy
Turkey’s central bank on Monday announced it was ready to take...
According to the new regulations, Cubans will be able to hold only one business license.
The Cuban government has said it wants more foreign investment...
Trump’s No-Win Trade War
President Donald Trump’s trade war may be fated to fail, for...
World Stocks, Currencies Plummet
World markets shuddered on Monday, as Turkey’s worsening...
Amado Boudou (R) attends his trial on corruption charges  in Buenos Aires on August 7.
Records kept in notebooks of the kinds used by schoolchildren...
(P)GCC Banks  Face Business Risks
A number of (Persian) Gulf Cooperation Council banks that have...
Singapore Warns Trade Tensions May Lower H2 Growth
Singapore authorities warned of slower economic growth in the...
China Printing Foreign Money
China is printing more foreign money as it seeks to expand its...

Add new comment

Read our comment policy before posting your viewpoints