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BREAKING: GDP to Tax 10% Ratio, the Lowest In The World – Wale Edun

The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun on Tuesday, February 6, disclosed that the tax to GDP level in Nigeria is 10%, with states included it rises to 13% making it one of the lowest in the world.

The minister disclosed this during the bilateral inter-ministerial meeting with the German minister of economic development and cooperation Svenja Schulze and the minister of Industry Trade and Investment,

Doris Uzoka Anite in Abuja, stating that the government requires these tax funds to carry out its responsibility, so there is no getting away from the fact that adequate tax must be paid.