Nigeria Seeks Help Over Tax Evasion By Multinationals

Kemi Adeosun, Nigeria’s minister of finance, wants the G-24 countries support efforts at ensuring multinational companies in Nigeria pay accurate taxes to government. Adeosun spoke in Washington D.C, where a meeting of finance ministers of the G-24 countries held.

“We were able to make two contributions; one of it was the need for accelerated investment in infrastructure as the way out of our current situation. This is what we believe will create jobs and reduce poverty.

“Another issue that we raised was tax evasion and the fact that we need the multilateral agencies to support us.

“Yes, trade is very important, but we need the multilaterals to ensure that all multinational companies that trade in Nigeria pay their fair share of taxes and that point was well taken,” Adeosun said.

Adeosun hinted of foreign direct investments in housing and energy. She added Nigeria wouldn’t take IMF loan but will pursue budget support facilities from the World Bank and the African Development Bank.

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