“In our situation, the reverse is the case. It is very unfortunate that our people have a very negative attitude to payment of taxes in full, including corporate agencies,” he stated.
Under the president, the Nigerian economy slipped into recession in 2016, a development triggered by dwindling government revenue occassioned by the fall in oil prices in the international market and unrest in the oil-rich Niger Delta region.
It emerged from recession in the second quarter of 2017 after oil prices improved and relative peace was restored in the Niger Delta.
Although the official figures show that the nation has exited recession, many Nigerians still complain that the effect of the exit is not felt in the economy.