It also noted a huge gap between the actual tax collected and its potential. It places the country at the bottom of the value added tax (VAT) collection efficiency ratio in sub-Saharan Africa (SSA). While the VAT collection efficiency ratios of countries like South Africa, Equatorial Guinea and Zambia are tending towards 70 per cent, Nigeria is about 20 per cent, the lowest in the region.
Source: guardian.ng
