Digitization will go a long way in addressing low tax penetration and increase fiscal revenues while supporting economic stability in Nigeria. The West Africa Tax Partner and Lead, Deloitte, Mr. Yomi Olugbenro, made this point in a conversation on "Tax Administration and Economic Development in Nigeria".
The latest national accounts show that the agriculture sector grew by 3.4% y/y in Q4 '20, compared with 1.4% the previous quarter. This is its strongest growth since Q4 '17. Crop production accounted for 91% of agriculture GDP, and expanded by 3.7 y/y. We also note that the forestry and livestock segments grew by 1.2% y/y and 2.4% y/y respectively.