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Renaissance Capital: Rich states’ move for VAT receipt is to support development

A report published today by Renaissance Capital shows that Lagos State, Nigeria's commercial capital could account for over a quarter of Nigeria's GDP and together with Rivers State, accounts for over 40 per cent of value added tax revenues. Amid a row over who has the right to collect VAT between the federal government and the states, Charles Robertson, Global Chief Economist at Renaissance Capital joins CNBC Africa to address the growth and revenue trends across the various tiers of government in Nigeria.
Wed, 15 Sep 2021 14:17:07 GMT