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Nigeria has hunted down 700,000 firms that have never paid tax

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The country, which is one of Africa’s biggest economies with a population of about 180 million, slipped into recession in August for the first time in more than 20 years. 

It is now seeking to find new revenue sources to compensate for low oil prices. 

But it is an uphill task trying to get Nigerians to pay their taxes, considering that 80% the workforce is employed in the informal sector.

Tunde Fowler, executive chairman of the Federal Inland Revenue Service (Firs), said the aim was to bring the total number of registered individuals to 20 million by the end of the year:   

“We have been able to add about 700,000 companies and we expect to add about 10 million individuals across the nation [by December].”

He told Reuters there were plans to twin tougher enforcement with a waiver on interest and penalties for the period 2012-2015:

We will give them a 45-day window to come forward and register and that will make them eligible for that waiver.

A lot of people who are not in the tax net are a bit jittery or afraid to come and register, thinking that we might go back two or three years and the amounts might be considerable.”

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Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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