Nigeria looks for millions of tax scofflaws to make up for slumping oil revenue

Nigeria says it has found 700,000 companies in the country that have never paid tax as it tracks down non-payers to top up its treasury.

Africa’s biggest economy is suffering a revenue shortfall due to low oil prices and as militant attacks cut the amount of crude it produces. The country has fallen into recession for the first time in 20 years.

The head of Nigeria’s tax service says that by the end of the year they expect to find 10 million individuals who are not paying tax.

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