How failure of companies to pay tax is fueling poverty in Nigeria – SERAP

A new report by the Socio-Economic Rights and Accountability Project (SERAP) has revealed how over US$8 billion oil and gas assets were sold to Nigerian entities – especially onshore fields –between 2005 and 2015, and how the failure of companies to pay Capital Gains Tax (CGT) on the sale of the assets is fueling poverty, underdevelopment and inequality in Nigeria.

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