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No Tax Identification Number (TIN), No Bank Account - Finance Bill - Politics (10) - Nairaland

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Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by philip0906(m): 6:14pm On Dec 15, 2021
Ovamboland:


Whatever, reputable research firms are not infallible. We still have our commonsense intact.

Total public revenue in Nigeria (est)
FG - $25b
Lagos - $2bn
other 35 states $5b approx
774 LG's $1bn approx

IGR + Oil of entire federation govts
Total of $33bn for 200m people

While Egypt has about $100bn for about 100m people
South Africa has about $150bn for 54m people
Algeria has about $150bn for 43m people
Morocco has about $150bn for 54m people
Ghana has about $15bn for 30m people

Nigeria is the only country out of these raising the least amount per citizen, how do we compete adequately with them when some are spending up to 10 times on each citizen?
If you claim to have your common sense intact, shouldn't your common sense tell you that when 98% of informal taxes get into the wrong hands e.g Mc Oluomo, Teenubu and other institutional mafia, that this will mean lost IGR ?

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