Nigeria: 'Outdated Tax System'll Impede Inflow of FDI'

3 October 2012

For the country to sustain the increased inflow of Foreign Direct Investments (FDI), there is need to address legal and regulatory uncertainties as well as review its tax system, a tax director at the Nigeria Federal Inland Revenue Service (FIRS), Mr. Samuel Ogungbesan, has said.

A report yesterday disclosed that Ogungbesan made the remark at the 2012 Ernst & Young's Africa Tax Conference in Hermanus, South Africa.

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