Nigeria Losing $18 Billion Annually to Tax Related Illicit Flows, Says Finance Minister Uzoka Anite

Jul 23, 2025 - 19:59
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Nigeria Losing $18 Billion Annually to Tax Related Illicit Flows, Says Finance Minister Uzoka Anite

Nigeria Losing $18 Billion Annually to Tax Related Illicit Flows, Says Finance Minister Uzoka Anite

Dr. Doris Uzoka Anite, Nigeria’s Minister of State for Finance, has raised the alarm over the country’s staggering annual loss of approximately $18 billion due to illicit financial flows (IFFs), particularly linked to tax evasion strategies.

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