Despite High Taxes, Nigerians Provide Water, Electricity, Others For Themselves – Adesina

Posted by Nwa Diokpa Featured, Government Buz, Latest Headlines, News Across Nigeria, News From The State Saturday, January 23rd, 2021

(AFRICAN EXAMINER) – President of the African Development Bank, AfDB, Akinwumi Adesina, has kicked at the situation where Nigerians pay high taxes and still provide basic infrastructure for themselves.

The former Nigeria’s minister of agriculture disclosed this on Thursday at the first national tax dialogue organized by the Federal Inland Revenue Services (FIRS).

Adesina satted that Nigerians were among the top implicit tax payers in the world saying that Implicit taxes are levies that are borne but not seen nor recorded.

He stated that Nigerians provide electricity, road, security, water, among others, for themselves.

He said: “Truth be told, Nigerians pay one of the highest implicit tax rates in the world — way higher than developed countries.

“Think of it: they provide electricity for themselves via generators; they repair roads for their neighborhoods, if they can afford to; there are no social security systems; they provide security for their own safety; and they provide boreholes for drinking water with their own monies.”

AfDB boss also stated that the borehole system is ridiculous, saying that boreholes are not the way to provide water in the country, adding that every household should have pipe borne water.

According to him, governments have shifted its responsibility to the citizens.