Health Care

Nigeria boasts of 19m tax payers

Nigeria boasts of 19m tax payers”

She pointed out that the administration was driving the mobilisation of more revenues to sustain Nigeria's economic growth, adding that the current administration was paying attention to electricity which it considered critical in expanding the economy.

He said, "So, the question for us is how to ensure inclusion or inclusivity, how to get millions of our very poor people into the economy, how to structure our budget in such a way that recognises that".

Osinbajo stated that such savings were instrumental to the huge government expenditure on infrastructure and human capital development than any previous government in spite of the recession and dwindling earnings.

He, however, lamented that with the discovery of oil, such was no longer the case as numerous states now depended on oil revenue from the Federation Account for their operations.

"What we are doing is to build a tax system that will not only be effective at the Federal level but also at the states and local government levels".

He said the reason why mismanagement of funds thrived in the past was because oil money was readily available thus, reducing the necessity for people to pay taxes.

WorldStage Newsonline- Nigeria's Vice President Yemi Osinbajo, SAN has said that the country is well on course to effectively tackle the issues of poverty and unemployment through its micro-economic planning and Social Investment Programmes.

Osinbajo added that when people pay their taxes, they tend to hold the government to account more for how the country's resources were being managed.

He said the nation had to understand how important the private sector was, "as entrepreneurs are necessary to grow the economy".

10 World bank officials in Nigeria to meet with Osinbajo and governors over projects

Adeosun, however, urged Nigerians to trust the Federal Government, promising that it would deliver on infrastructure and services if they paid their taxes.

Other members of the team include the directors for Burkina Faso (representing Francophone Sub-Saharan Africa), Zimbabwe (representing Anglophone Sub-Saharan Africa), United Kingdom and Indonesia.

The Leader of the World Bank Mission to Nigeria, Patrizio Pagano, explained that the team was in the country to acquaint itself with the Government's growth and power priorities.

The projects numbering about 20 date back to April 2015.

World Bank records showed 18 other projects have active implementation status.

Others initiated June 7, 2016 included $500 million National Social Safety Nets Project; the $100 million State Education Programme Investment Project; the $75 million Community and Social Development project and the $100 million Nigeria Youth Employment and Social Support project. We saw also some projects that the bank is doing.

She said, "By 2019, the growth will be stronger than the present level in 2018".

The officials will also meet the organised private sector in Lagos as well as undertake a tour of LAPO Microfinance project in Lagos and Azura power plant in Edo state.



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