Nigeria, July 16 -- Dear Reader,

In a way, Nigeria is finding reassurance for sustainable fiscal growth through improved tax collection after completing the modernisation of its tax law and adopting a framework that could ease collection and strengthen compliance.

Reliance on some tax rules as old as the period of British colonial administration in the country has kept Nigeria behind many forward-thinking peers, to the point that it is often mentioned among one of the world's nations with the lowest tax-to-GDP ratio.

The limitation has not allowed opportunities to free up more sources of income needed to drive infrastructural expansion and fuel development. Addressing that has become an urgency now as the country longs to become a $1 t...