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Home»National

Bill Gates Highlights Nigeria’s Low Tax Collection Rates, Urges Investment In Health And Agriculture

Editor FrancisBy Editor FrancisSeptember 4, 2024 National No Comments2 Mins Read
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 Bill Gates, co-chair of the Bill and Melinda Gates Foundation, has raised concerns about Nigeria’s low tax collection rates, which he says pose significant challenges to financing critical sectors such as health and education.

Gates made these remarks during the Nutrivision 2024 Pan-African youth dialogue on nutrition held in Abuja on Tuesday.

Addressing a question on potential financing mechanisms for large-scale public health initiatives, Gates emphasised the need for Nigeria to improve its tax collection efforts. He noted that increased tax revenues could enable the government to better fund essential services like education and healthcare.

“Over time, there are plans for Nigeria to fund the government more than it does today. The actual tax collection in Nigeria is actually pretty low,” Gates said. He added that for citizens to trust the government’s ability to deliver quality healthcare, there must be a commitment to effective management of health programme funds.





Gates underscored the importance of running an efficient primary healthcare system, with well-placed and adequately staffed centers, as a way to build public trust. He expressed optimism that as health programmes demonstrate their effectiveness, citizens will increasingly support the prioritisation of primary healthcare funding.

“It’s exciting that we are driving the credibility of those health programmes so that the citizens will feel like primary healthcare is among the priorities that should be well-funded as you get some fiscal flexibility,” Gates added.

In addition to his comments on healthcare, Gates also highlighted Nigeria’s potential to significantly boost its agricultural output. He suggested that the country could transition from being a net food importer to a major food exporter by improving credit facilities, conducting comprehensive soil surveys, and providing effective advisory services to farmers.

“Nigeria today is a net food importer, and yet, given the geography, if the right credit facilities and advice to farmers, soil surveys, and other supports are available, there is the opportunity for Nigeria to more than double its food output, which would be pretty transformative,” Gates said. He noted that increased agricultural productivity could reduce the need for costly food imports, improve rural incomes, and bolster the country’s economy.

Gates further suggested that by leveraging digital technologies and adopting improved seed varieties, Nigeria could trigger an agricultural “miracle” that would boost economic growth and address equity and nutrition challenges across the country.

#Tax Reform Bill gates
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