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Nigeria investigates tax incentives from 2015–2025, citing $20B annual revenue loss and low tax collection.
The Nigerian House of Representatives has launched a probe into tax incentives and export support programs from 2015 to 2025, citing an estimated annual revenue loss of ₦8 trillion and a persistently low tax-to-GDP ratio of 10.6%.
Led by Chairman James Faleke, the Ad-hoc Committee is reviewing key schemes like the Export Expansion Grant and Pioneer Status Incentive, collecting documents and considering consultations with beneficiaries to assess transparency, effectiveness, and fiscal impact.
The investigation, part of broader economic reforms under the Renewed Hope Agenda, aims to ensure accountability and improve revenue collection, with periodic public updates promised.
Nigeria investiga los incentivos fiscales de 2015 a 2025, citando una pérdida de ingresos anual de $ 20 mil millones y una baja recaudación de impuestos.