
Taxes as key to Nigeria’s economic and infrastrutural development
By Musa Ilallah To begin this discussion, it is imperative that we attempt to understand what taxes are all about. Taxation is defined as the imposition of compulsory levies on individuals or entities by governments across the world. Taxation is used primarily to raise revenue to finance government expenditures among other reasons. The Nigerian government is primarily reliant on taxes as they are a significant source of revenue and a major source of income to the government to discharge its responsibilities. No one doubts the fact that the country today falls short of infrastructural development despite the unprecedented turn around…