Nigeria is using a system of tax credits to encourage private companies to share the cost of infrastructure projects as part of a drive to diversify Africa’s biggest economy away from its reliance on oil sales, the country’s tax chief said. Executive Chairman of Nigeria’s Federal Inland Revenue Service (FIRS), Mr Tunde Fowler speaks during

Dangote and other private companies are set to access 50% of expenditure in tax credit from the Federal Inland Revenue Service (FIRS). According to FIRS executive chairman, Tunde Fowler, the plan is to solve infrastructural deficit in the country by reducing the actual amount of tax to be paid by private companies, while these companies

More than 81 per cent of taxable adults and businesses in Nigeria do not pay their income taxes due to low tax moral in the country. The Research Director of the Fiscal Policy Roundtable of the Nigeria Economic Summit Group, Mr Tayo Oyedele, disclosed this in a presentation during a courtesy call on the Director

The Technical Committee of the National Tax Policy Implementation Committee will soon present a bill to the Minister of Finance and National Planning, Mrs Zainab Ahmed, that will harmonise all taxes to enhance ease of doing business in the country. The Deputy Chairman of the committee, Dr Bode Oyetunde, said this during the second meeting

The President and Vice Chancellor of Babcock University, Ilishan-Remo in Ogun State, Prof Tayo Ademola,  on Tuesday, appealed to the federal and state governments  to relax taxes on  private universities in Nigeria . Ademola lamented  that the taxes levelled on private universities were becoming unbearable. The VC stated this during a  press briefing held at