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The Nigerian Vice President, Kashim Shettima has restated the commitment of the Government to revamp the nation’s tax system without overburdening Nigerians.

Mr Shettima said the fundamental motive of the administration is not to increase the tax burden on Nigerians but to improve the efficiency of tax collection.

He stated this on Thursday when he received a delegation from the Chartered Institute of Taxation of Nigeria, CITN, at the Presidential Villa Abuja.

Soliciting CITN’s insights on attracting foreign direct investment through competitive company tax rates, Mr Shettima said, “The focus of the President Bola Ahmed Tinubu administration is not to increase the tax burden on Nigerians but to improve the efficiency of tax collection. That is our fundamental motive.”

“As you go across every State, you get to at least five or six places where you have to pay all sorts of fictitious taxes that do not get to the pockets of the government.”

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