ADVERTISEMENT
Tuesday, June 9, 2026
Tech | Business | Economy
No Result
View All Result
  • Technology
    • Trends
    • Telecoms
      • Broadband
    • ConsumerTech
      • Gadgets and Appliances
      • Apps
      • Accessories
      • Reviews
      • Unboxing
    • EnterpriseTECH
    • Security & Data Protection
    • How To
  • Business
    • Company News
    • StartUPs
      • Founder’s Story
      • Funding
    • Deals
    • People & Moves
    • SME & Entrepreneur Focus
    • BUSINESS SENSE FOR SMEs
    • Competition & Market Positioning
    • Commerce & Mobility
    • Travel
    • WomenPreneurs
  • Economy
    • Macroeconomic Trends
      • Macro Monday
      • TE Insights
    • Finance
      • Banks
      • Fintech
      • Insurance
      • Digital Assets
      • Personal Finance
    • Policies
      • Tech & Society
    • Market Analysis
    • Jobs & Workforce Economy
  • Features
    • Guest Writer
      • Chidiverse
      • Digital Assets
      • GameTech
    • EventDIARY
    • IndustryINFLUENCERS
    • MarkTECH
    • TBS
    • NewsEXTRA
  • Editorial
  • Brand Content
  • TECHECONOMY TV
Tuesday, June 9, 2026
Tech | Business | Economy
No Result
View All Result
Tech | Business | Economy
No Result
View All Result

Home » Less than 40million Nigerians Paying Tax – RMAFC Chair Reveals

Less than 40million Nigerians Paying Tax – RMAFC Chair Reveals

…lauds Tax Reform Committee recently set up by President Bola Tinubu

Techeconomy by Techeconomy
September 18, 2023
in Finance
Reading Time: 2 mins read
0
Tax Expenditure in Nigeria - only 40 million people pay tax

Tax Expenditure in Nigeria - only 40 million people pay tax

Less than 40 million Nigerians are captured paying their taxes, saying Muhammad Shehu, the Chairman, Revenue Mobilisation Allocation and Fiscal Commission.

He said this while urging the citizens to endeavour to pay their taxes to boost government revenue and improve service delivery.

“That is too low for a country that has more than 200 million populations,” he said.

Shehu made this known in an interview with the News Agency of Nigeria (NAN) on Sunday.

Shehu also disclosed that the commission developed software to enhance transparency in revenue generation and sharing amongst the three tiers of government.

Subscribe to our Telegram channel for the latest updates.

Follow the latest developments with instant alerts on breaking news, top stories, and trending headlines.

Join Channel

He lauded the idea of a Tax Reform Committee recently set up by President Bola Tinubu.

He said that the committee would do a lot to include economic players from the informal sector in the tax net.

“There is all this debate about the informal economy. What this tax reform committee will do is bring a lot of agencies together, including RMAFC. We are members of that committee. We have articulated our position, and we will communicate what we believe can add value to the discussion.

“At the end of it all, we will have a better society where more people are paying taxes and the money will be utilised for better services and infrastructure so that every Nigerian can benefit,” he said.

He urged the Federal Inland Revenue Service to collaborate with the Nigeria Customs Service to identify certain categories of Nigerians who evade taxes.

“There are some taxes that the government is not getting from Nigerians. I believe the FIRS will look at all those things and then collaborate with the NCS for better efficiency.

“I think it is very important for every Nigerian to try and pay their taxes because it is from those monies that you get services.

“All the things that people like to tell you about clean environments, good roads, and functional infrastructure in other countries—it is the taxes that citizens pay that are utilised for those services.

“People should learn to pay electricity bills; they should pay their water bills; they should pay just like you pay for telephone recharge cards.

“The more you pay your taxes, the more money the government has to put into road and rail construction, better hospitals, pensions, social security, and a better plan to help the needy,” he said.

(NAN).

0Shares
Previous Post

IOE, Seedstars Launch Fourth Migration Challenge

Next Post

GTBank vs Access: The Battle for Dominance

Techeconomy

Techeconomy

Related Posts

FG contractors debt clearance Nigeria 2026

Nigeria: Finance Ministry Settles Over N700 Billion in Contractors Debt, Prioritising SMEs

June 8, 2026
Abbey Mortgage Bank Building | Commercial Banking

Abbey Mortgage Bank Acquires Banking Licence

June 6, 2026

Flutterwave Taps Tempo to Deepen Stablecoin Infrastructure in Africa after Turnkey Deal

June 5, 2026
Load More
Next Post
GTBank vs. Access Bank - The Battle for Dominance

GTBank vs Access: The Battle for Dominance

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast
Techeconomy Podcast

The Techeconomy Podcast is a thought-leadership show exploring the powerful intersection of technology, business, and the economy, with a strong focus on Africa’s fast-evolving digital landscape.

Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
byTecheconomy

Africa’s innovation ecosystem is evolving, but where will the funding for the next generation of startups come from?

In this edition of the Techeconomy Business Series (TBS) May 2026, industry experts explore how local capital, venture debt, and smarter investment structures are redefining startup growth and innovation across Africa.

🎙️ Featured Speakers:

* Ebunoluwa Ashley-Dejo

* Damilare Davola

* Success Ajilore (STN & Accelerated Plus)

Key conversations in this webinar include:

✔️ The future of startup financing in Africa

✔️ Venture debt and alternative funding models

✔️ The role of local investors in scaling innovation

✔️ Sustainable investment strategies for African startups

✔️ Opportunities and challenges in the African tech ecosystem

Subscribe for more conversations shaping Africa’s digital economy and innovation landscape.

#TBS2026 #AfricanInnovation #VentureDebt #StartupFinance #TechInAfrica #Techeconomy #AfricanStartups #InnovationEconomy

Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
May 27, 2026
Techeconomy
PROTECTING INNOVATION IN AFRICA’S STARTUP ECOSYSTEM
April 29, 2026
Techeconomy
BUILDING TRUST IN AFRICA ECOSYSTEM
February 27, 2026
Techeconomy
Navigating a Career in Tech Sales
January 29, 2026
Techeconomy
How Technology is Transforming Education, Health, and Business
November 27, 2025
Techeconomy
Search Results placeholder
MTN Live It 100 Thematic Campaign
ADVERTISEMENT
  • About Us
  • Careers
  • Contact Us
  • Privacy Policy

© 2026 TECHECONOMY.

No Result
View All Result
  • Technology
  • Business
  • Economy
  • Features
  • Editorial
  • Brand Content
  • TECHECONOMY TV

© 2026 TECHECONOMY.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.