According to Gates, it is difficult to fully fund vital sectors like health and education because of the poor tax collection.

Bill Gates, an American business magnate and co-founder of Microsoft, has stated that there is little tax collection in Nigeria.

During his remarks at a Pan-African youth dialogue on nutrition in Abuja on Tuesday, Gates revealed this.

Gates is scheduled to visit Nigeria on Tuesday, according to reports from SaharaReporters, to talk about potential solutions to a variety of development-related issues.

Gates was supposed to meet with youth, partners, and government officials in Nigeria to talk about ways to address issues related to agriculture, health, poverty, and improving nutrition in Africa.

Gates stated during a speech at one of the events on Tuesday that it is difficult to sufficiently fund important industries like health and education because of the low tax collection.

According to him, there needs to be a commitment to making sure that the funding of health programs is properly managed if people are to have faith in the government’s capacity to provide high-quality healthcare.

“Over time, there are plans for Nigeria to fund the government more than it does today,” stated Bill Gates. Nigeria actually collects relatively little in the way of taxes.

“Our foundation is involved with many of the exemplars that are showing the way in terms of making sure the money is spent really well, running an extremely efficient primary health care system where the employees are doing great work, the centres are where they should be, you don’t have underloaded centres or overloaded centres. If citizens want the education and health things, as they develop the confidence that these programs can be very well run.”

It’s wonderful that we are advancing those health programs’ legitimacy so that the public

After Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, said that his committee is recommending to the National Assembly a bill to raise the value-added tax from the current 7.5% to 10%, Gates made his remarks.

“We have significant issues with our tax revenue,” he remarked during an appearance on a Channels TV program. In general, we have problems with revenue, both tax and non-tax. You can characterise a state in crisis as having a whole fiscal system.

“My committee was established with three main objectives. The first one examined governance, including national finances, borrowing, and coordination between subnational and federal governments.