August 3, 2025

tax evasion

General Tax Evasion

Wike Blames FCT Revenue Woes on Tax Evasion by ‘Big Men’

Abuja, June 19, 2025 – The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has decried the widespread tax evasion by wealthy residents and high-profile individuals in Abuja, describing them as the biggest obstacle to the territory’s revenue growth and development efforts. Speaking during a stakeholders’ meeting on internally generated revenue, Wike expressed frustration

Read More
General

Nigeria’s Low Tax-to-GDP Ratio: A Persistent Challenge

Vice President Kashim Shettima has attributed Nigeria’s alarmingly low tax-to-GDP ratio to decades of widespread tax evasion and wealth concealment. Speaking at the 2nd Joint Workshop on 2025 National Budget, organized by the Association of National Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria, Shettima lamented that many Nigerians have mastered the

Read More