By Babajide Komolafe, Nkiru Nnorom, Godwin Oritse, Rosemary Onuoha, Udeme Akpan
•This is a wake up call for govts — Analysts
•As IMF calls for 100% increase in tax compliance
LAGOS — Nigeria’s Gross Domestic Product, GDP, growth which has been trending positively since the third quarter of 2016, bucked the trend reversing down to 1.95 per cent in the first quarter of 2018 (Q1’18), from 2.11 percent recorded in the preceding quarter (fourth quarter, 2017), with the agricultural sector recording the lowest growth rate since 2013.
The agric sector had led growth in GDP for several quarters and analysts have attributed the sudden decline to the severe impact of increasing incidence of farmer/herdsmen clashes across the farm belts of the country.
Meanwhile, the International Monetary Fund (IMF) said that Nigeria needs to increase tax compliance rate by 100 percent in…
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