The federal government
has resolved to go after tax evaders in Nigeria, the Minister of
Finance, Mrs. Kemi Adeosun, disclosed on Tuesday.
Adeosun, who spoke in Lagos, during a colloquium to mark the 65th
birthday anniversary of former Lagos State governor, Asiwaju Bola
Tinubu, also said a new tax regime was on the way.
According to her, one of the strategies the administration of President
Muhammadu Buhari intends to use in boosting the country’s revenue is
through tax mobilisation.
“It is a pity that Nigeria has one of the lowest tax regime ratio
globally at six percent.
“The only country that is lower than us is Oman. We have so many wealthy
entrepreneurs, who have managed to develop habit of not paying tax, we
need to correct that.”
She recalled that “when the administration of Tinubu, as Lagos State
governor, introduced a new tax regime, he became unpopular, but, today,
when we see the infrastructure, I don’t think anyone will blame him for
his action.
“I take this opportunity to reach out to the millionaires and
billionaires that you will hear from me, soon. It is a shame that we are
one of the largest owners of crude oil, but, we cannot enjoy the
revenue from it.
“Oil has proven that it would be an unreliable source of revenue. The
price is unstable…”
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