The Federal Government said the country’s tax revenue increased to 51 per cent in 2017.
Vice President, Prof. Yemi Osinbajo disclosed this at the FT Nigeria Summit on “Dispelling Uncertainty and Building Resilience’’ in Lagos.
He said the 51 per cent growth year- on-year was due to aggressive tax policies introduced by the Federal Government.
Speaking on “Nigeria beyond oil- The pathway to transformation’’, Osinbajo said the Federal Government had diversified the economy to ensure proper growth and development.
“Aside from oil, tax revenues have gone up by 51 per cent in 2017. We are recording high tax revenue in the history of the country,’’ he said.
Osinbajo said that tax to Gross Domestic Product (GDP) would be above six per cent it used to be, going by growth recorded in tax revenue.
