• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
akinwumi-adesina

AfDB President Cautions Nigerian Government Against Tax Increment

4 years ago
Nigeria's Electoral Commission Announces Date For Collection Of Voters Cards

Ethiopia To Launch Digital Voting In 2026 General Elections

8 minutes ago
Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

1 hour ago
SA: After Political Impasse, Parliament Passes Budget Framework

SA: After Political Impasse, Parliament Passes Budget Framework

3 hours ago
EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

5 hours ago
China Grants Full Tariff Relief To African Nations

China Grants Full Tariff Relief To African Nations

5 hours ago
Wednesday, June 11, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    SA: After Political Impasse, Parliament Passes Budget Framework

    SA: After Political Impasse, Parliament Passes Budget Framework

    China Grants Full Tariff Relief To African Nations

    China Grants Full Tariff Relief To African Nations

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    SA: After Political Impasse, Parliament Passes Budget Framework

    SA: After Political Impasse, Parliament Passes Budget Framework

    China Grants Full Tariff Relief To African Nations

    China Grants Full Tariff Relief To African Nations

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

AfDB President Cautions Nigerian Government Against Tax Increment

December 1, 2021
in Economy, Top Stories
0
akinwumi-adesina
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Chioma Iruke

President of the African Development Bank (AfDB), Akinwumi Adesina has warned that Nigeria’s low tax rate is not an excuse to increase tax.

Relatedreading

Ethiopia To Launch Digital Voting In 2026 General Elections

Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

Adesina speaking at the 51st annual conference of the Institute of Chartered Accountants of Nigeria (ICAN), said it will be double jeopardy to overtax citizens who provide basic amenities that the government has failed to offer.

“While tax rates are relatively low in Nigeria, it simply is not an excuse to keep increasing taxes.

“Take the case of Norway for example. Its tax-to-GDP ratio is 39 per cent. Singapore’s tax-to-GDP ratio is 13.2 per cent. And Nigeria’s tax-to-GDP is 6.1 per cent. It is easy to make the comparison and say Nigeria needs to raise its taxes to similar levels as in Norway or Singapore.

“But also consider the following – In Norway, education is free through university. Singapore, a country that had only 1/3 of Nigeria’s per capita income at its independence in 1965, today has 100 per cent access to electricity and 100 per cent access to water.

“While progress is being made the challenge, however, is that in many parts of Nigeria, citizens do not have access to basic services that governments should be providing as part of the social contract.

“People sink their private boreholes to get water. They generate their electricity oftentimes with diesel. They build roads to their neighborhoods. They provide security services themselves.

“These are implicit taxes, borne by society due to either inefficient government or government failure. As such, we must distinguish between nominal taxes and implicit taxes — taxes that are borne by the people but are not seen nor recorded.

“It has become so common that we do not even bother to question it. But the fact is government can simply transfer its responsibility to citizens without being held accountable for its social contract obligations,” he said.

Adesina who also stressed the importance of mutual accountability, said government must fulfil its side of the social contract, and citizens must pay their fair amount of taxes.

Tags: AFDBAkinwumi AdesinaFIRSMuhammadu Buhari
ShareTweetSend
Previous Post

Chelsea Poise To Match Best Away Run In 13 Years

Next Post

Without Women, Aid, Afghan Economy Will Collapse- UN

Related Posts

Nigeria's Electoral Commission Announces Date For Collection Of Voters Cards

Ethiopia To Launch Digital Voting In 2026 General Elections

June 11, 2025
Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

June 11, 2025

SA: After Political Impasse, Parliament Passes Budget Framework

EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

China Grants Full Tariff Relief To African Nations

SA: Eight Bodies Found After Flood Swept Away School Bus

Next Post
Without Women, Aid, Afghan Economy Will Collapse- UN

Without Women, Aid, Afghan Economy Will Collapse- UN

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Nigeria's Electoral Commission Announces Date For Collection Of Voters Cards

Ethiopia To Launch Digital Voting In 2026 General Elections

June 11, 2025
Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

June 11, 2025
SA: After Political Impasse, Parliament Passes Budget Framework

SA: After Political Impasse, Parliament Passes Budget Framework

June 11, 2025
EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

June 11, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Ethiopia To Launch Digital Voting In 2026 General Elections

June 11, 2025

Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

June 11, 2025

SA: After Political Impasse, Parliament Passes Budget Framework

June 11, 2025

EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

June 11, 2025

China Grants Full Tariff Relief To African Nations

June 11, 2025

SA: Eight Bodies Found After Flood Swept Away School Bus

June 11, 2025

England Succumb To First African Defeat In Senegal Friendly

June 11, 2025

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Nigeria @ 64: Meet Young Luminaries Leading Social Transformation

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In