DON’T COMPARE NIGERIA TO SOUTH AFRICA — MINISTER OF FINANCE WARNS AS FG MOVES TO BORROW N11.03 TRILLION

  Economy   Aug 30, 2022   0   364  Add to Reading List
DON’T COMPARE NIGERIA TO SOUTH AFRICA — MINISTER OF FINANCE WARNS AS FG MOVES TO BORROW N11.03 TRILLION

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The Minister of Finance and National Planning, Zainab Ahmed, has warned Nigerians against comparing Nigeria with South Africa.

She stated that South Africa is a tax-based economy, while Nigeria on the other hand is competing with Sudan in the area of taxation.

The minister disclosed this on Monday while defending the government’s Medium Term Expenditure Framework and Fiscal Strategy Paper.

According to the minister, most high earners in Nigeria are not paying taxes, particularly at the state level.

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