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How Lagos, Rivers, Kano ramp up revenues through taxes
Dataphyte reviewed the budget performance documents of different states to analyse what they earn as tax. A review of some selected states reveals disparities in their tax earnings.
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Is Personal Income Tax yet Another one of Nigeria’s Unmined Resources?
Personal Income Tax (PIT) revenue in Nigeria has remained low and is very insignificant when compared to the country’s Gross Domestic Product (GDP). The PIT-to-GDP ratio of the country, over the last decade, has been less than one percent.
Residence Tax: Are Lagos and FCT Robbing Their Neighbours?
Personal Income Tax (PIT) or residency tax remains the primary source of income for state governments. This source forms most of the state governments’ revenue annually. In five and a half years (2016 to half-year 2021), out of the N5.964 trillion generated, PIT summed up to N2.833 trillion, making up 47.5% of the figure.