Despite the rampage that has greeted the recent hike in various taxes in Nigeria, Bill Gates, co-chair of the Bill and Melinda Gates Foundation, says Nigeria’s tax collection is too low to cater for the health and other basic infrastructure deficit in the country. “…do a comparison of Nigeria tax collection to whatever country you think is comparable. The taxes are too low to fund the infrastructure, education system, and the health system,” Gates told TheCable in an exclusive interview. “Nigeria has about the lowest domestic tax collection of any country in the world, so it is very tough to fund infrastructure and education,” he added. According to the Federal Inland Revenue Service, the country’s total tax collection in 2019 was N5.26 trillion ($13.5 billion).

Source: The Guardian September 16, 2020 14:47 UTC