American billionaire and philanthropist, Bill Gates, has said that Nigeria has one of the lowest domestic revenues at just six per cent of GDP compared to 15 per cent in some other countries.
This, he said, is perhaps one of the reasons why the largest black nation has a problem with providing basic health infrastructure.
The Microsoft co-founder said the government also needed to do more to gain the confidence of the people because the citizens could be discouraged from paying taxes if they see that taxes are not being properly utilised. “If I had one wish for Nigeria, it would be that the quality and funding of the primary health care system would achieve the level of some other countries that are lower income but have done a better job with the primary health care system. So, it definitely is doable,” he said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Osun bags World Bank Nigeria Portfolio Performance AwardNigeria News - Osun State has emerged the best-performing state in Nigeria by winning the World Bank Nigeria Portfolio Performance Award.
Read more »
Treasury bills rates to rise further as CBN sells N179bnNigeria News - THE upward trend of interest rates on treasury bills is expected to persist this week as the Central Bank of Nigeria, CBN, seeks to refinanc
Read more »
Nigeria domestic gas utilisation hits 78,000MT in JulyThe Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA) Abdulkadiri Saidu, has stated that domestic gas utilisation...
Read more »
Abuja one of world’s safest capital cities, says IGP | The Guardian Nigeria News - Nigeria and World NewsThe Inspector-General of Police,(IGP), Mr Mohammed Adamu, says Abuja is one of the major cities across the world with lowest crime rate.
Read more »
Desist from diverting revenue accruing to FG, NASS warns MDAs - Vanguard NewsNigeria News - The National Assembly has warned all the revenue generating federal ministries, departments and agencies (MDAs) engaging in diversion
Read more »
Osun bags World Bank Nigeria portfolio performance award – Daily TrustThe Osun State Government has been declared the best performing state in Nigeria by the World Bank Project Implementation. The state also emerged the best among the participating states in Nigeria in the World Bank Rural Access and Mobility Project II (RAMP 2).ADVERTISEMENT World Bank Country Director for Nigeria, Africa Region, Rachid Banmessaoud, stated this …
Read more »