Adedeji Assumes Office, Promises 18% Tax-to-GDP Ratio

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Acting chairman of the Federal Inland Revenue Service, Mr. Zacch Adedeji has resumed office as head of the revenue agency with an audacious aspiration – to surpass Africa’s average tax-to-GDP ratio of 16.5 percent and achieve an impressive 18 percent within three years.

Nigeria currently has 10.86 percent tax-to-GDP, according to former chairman of the FIRS, Mohammad Nami. Nami’s administration raised the figure from six percent to 10.86 percent, a standard Adedeji said he will surpass. “By doing so, we aim to reduce our nation’s reliance on borrowing and ensure financial…

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