“Only 10million Nigerians Pay Tax” – Report

The National Tax Policy, NTP, Document Review Committee has revealed that only 10 million out of 160 million population of Nigeria currently pay tax.

Its Chairman, Prof. Abiola Sanni who spoke while addressing stakeholders at the maiden stakeholders engagement in Abuja yesterday called for the institutionalisation of tax matter by compelling political parties and politicians to mandatorily state their tax plans if elected.

To achieve this, Prof Sanni advocated for an “institutionalised statutory regulation compelling political parties and elected public office seekers to categorically declare the tax measures to be adopted and strategies towards shoring up the nation’s revenues, especially Internally Generated Revenues (IGR).”

He said implementation of tax laws requires political will at the highest level of government. He urged the Independent National Electoral Commission (INEC) to mandate political parties to articulate their fiscal policy in their manifestoes while the National Assembly should give tax matters priority attention.