American billionaire businessman and co-founder of Microsoft, Bill Gates, has said tax collection in Nigeria is ‘pretty low.’
The co-chair of the Bill and Melinda Gates Foundation stated this at an event in Abuja, on Tuesday, September 3.
According to him, “Over time, there are plans for Nigeria to fund the government more than it does today. The actual tax collection in Nigeria is actually pretty low.
If citizens want the education and the health things, as they develop the confidence that these programmes can be very well run, and our foundation is involved with a lot of the exemplars that are showing the way in terms of making sure the money is spent really well, running a very efficient primary health care system where the employees are doing great work, the centres are where they should be, you don’t have underloaded centres or overloaded centres.
It’s exciting that we are driving the credibility of those health programmes and so that the citizens will feel like primary health care is amongst the priorities that should be very funded as you get some fiscal flexibility.”
Gates’ remarks comes hours after Taiwo Oyedele, Chairman Presidential Fiscal Policy and Tax Reforms Committee, said his committee is proposing a law to the National Assembly to increase value added tax from the current 7.5% to 10%. [Swipe]
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