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Nigeria has one of the world’s lowest tax collection rates and wants to increase revenue in the face of its $167bn debt.
Nigeria plans to boost its tax-to-GDP ratio to at least 18 percent in three years, part of a push to curb its reliance on borrowing to finance public spending, its presidency said in a statement on Friday.
Africa’s largest economy has embarked on its boldest reform agenda in decades, including the removal of a popular but costly petrol subsidy and restrictions on foreign exchange trading, a gamble by President Bola Tinubu to boost sluggish growth and reset the…
