Tax evasion is a major factor preventing the country from moving forward.
TVC News Nigeria gives us a report from experts weighing in on tax reforms.
Nigerian experts have recommended that the government consider implementing an efficient and effective tax system as a means of diversifying the nation’s economy. The government of Nigeria has been exploring options for diversifying the economy, as the nation is heavily reliant on oil revenue. One option that has been suggested is to implement a more efficient and effective tax system. There are many benefits to implementing a better tax system. For one, it would increase government revenue, which could be used to invest in other sectors of the economy. Additionally, it would create a more level playing field for businesses, as those who are currently evading taxes would be forced to pay their fair share.
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