Africa can raise $469bn annual revenue without raising statutory tax rates —AfDB

The African Development Bank (AfDB) has announced that Africa has the potential to generate over $469 billion in additional annual revenue without the need to increase statutory tax rates. Professor Kevin Urama, who serves as the Chief Economist and Vice President for Economic Governance and Knowledge Management at the AfDB, made this statement during an interview with the News Agency of Nigeria (NAN) on Wednesday. This revelation highlights the opportunities for revenue enhancement through improved economic governance and management strategies across the continent.

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