Nigeria’s $2.4 trillion economy and the myth of poverty
Historical data from the Federal Inland Revenue Service and the National Bureau of Statistics showed a disturbing trend: up to *96% of personal income tax* was paid by salaried, low- and middle-income workers.
The “taxation of poverty” For decades, Nigeria operated a tax system that was upside down.
The result is what economists call multidimensional poverty: not just low income, but poor health, poor education, poor infrastructure, and poor opportunity.
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