Nigeria’s Tax-to-GDP Ratio Rises to 13.5% – Tinubu

President Bola Ahmed Tinubu has announced that Nigeria’s tax-to-GDP ratio has climbed to 13.5 per cent, up from less than 10 per cent in previous years.

The President, in his nationwide broadcast to mark Nigeria’s 65th Independence Anniversary, said the increase reflects ongoing fiscal reforms and is expected to rise further when a new tax law takes effect in January.

According to Tinubu, the legislation is not aimed at overburdening existing taxpayers but at broadening the tax net while offering relief to low-income earners.

“The tax law is not about increasing the burden on existing taxpayers but about expanding the base to build the Nigeria we deserve and providing tax relief to low-income earners,” he said.

The Federal Government has in recent months intensified efforts to boost revenue generation as part of its economic recovery plan, with the administration prioritising fiscal discipline, inclusivity, and long-term growth.