Economy and Politics: Nigeria Needs to Be Innovative In Improving Its Tax Revenue to GDP
This edition of the "Economy and Politics" show features Dr. Boniface Chizea an economist and CEO of BIC Consulting as he speaks on "The Role of Fiscal Policy in Sustaining Nigeria's Rising VAT Revenue".
According to him, the fiscal authorities in Nigeria have been grappling with revenue to support socio-economic activities in the country, and it was time to rethink and reimagine the tax policies.
Speaking further he stressed the need for Nigeria to be innovative in improving its tax revenue to GDP ratio (6%), which is very low compared to other peer countries.
He advocated a coordinated approach from fiscal policymakers, in growing the nation's revenue base to achieve stability and growth.