A larger percentage of the Nigerian workforce is currently operating without a single financial record. To reach them, authorities are deploying a controversial tool: the Presumptive Tax.
The government charges a fixed or estimated charge on informal businesses based on observable indicators such as the nature of the trade, location, and scale of operations, rather than on audited accounts or formal records.
Olufemi Olarinde, head of Fiscal and Tax Reforms Implementation at the Nigerian Revenue Service (NRS), said traditional tax framewor
