Tag: tax administration
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How low revenue contributes to Nigeria’s rising debt burden, straining economy
Nigeria, Africa’s largest economy, is grappling with a mounting debt burden, and experts point to low revenue generation as a significant factor exacerbating the country’s financial challenges. The combination of dwindling revenue sources, inconsistent tax collection, and overreliance on oil exports has strained the nation’s economy, contributing to its rising debt levels. According to recent…