Feb 2019

Taxation in Nigeria in 2019

In 1956, Nigeria discovered huge amounts of oil and gas reserves, which then became the country’s largest source of income. But government revenues were not diversified, and up until 2015 Nigeria’s tax-to-GDP ratio remained among the lowest in the world, at around 6%. Today, the Federal Government has started to take taxation seriously, and its taxation body, the FIRS, has implemented effective measures and heavily embraced technology in order to increase tax revenues across all sectors. #nigeria #tax #taxation Follow The Business Year Website https://www.thebusinessyear.com/ Twitter https://twitter.com/TBYupdates Facebook https://www.facebook.com/thebusinessyear Instagram https://www.instagram.com/thebusinessyear/ LinkedIn https://www.linkedin.com/company/the-business-year