President Bola Ahmed Tinubu said his government is committed to achieving an 18 per cent tax to Gross Domestic target in three years.
Tinubu disclosed this in a statement by his spokesperson, Ajuri Ngelale, on Tuesday after Inaugurating the Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Mr Taiwo Oyedele.
He charged the Committee to improve the country’s revenue profile.
“We aim to transform the tax system to support sustainable development while achieving a minimum of 18% tax-to-GDP ratio within the next three years.
“Without revenue, the government cannot provide adequate social services to the people it is entrusted to serve”, he stated.