Nigeria’s VAT collection, lowest in Africa —Speaker Abbas

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Speaker of the House of Representatives, Abbas Tajudeen, has decried that Nigeria’s efficiency in collecting Value Added Tax, VAT, was the lowest among its African peers, indicating significant inefficiencies in its tax system.

He, therefore, expressed the readiness of the 10th House to aid the economic policies and programmes of President Bola Ahmed Tinubu’s administration.

He stated this in Abuja yesterday while delivering his keynote address at the opening of a two-day retreat for members of the House.The legislative retreat on economic transformation and development was organised by the House, in collaboration with the Federal Inland Revenue Service, FIRS, and the Konrad Adenauer-Stiftung Foundation, KAS.

 

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