Five takeaways from Tax Reform Bills

Nigeria is on the cusp of transiting from the archaic tax regime that has been retarding its collective prosperity to a progressive alternative that places businesses and people at the core of its general principles. But this transition has elicited highly spirited debates at the National Economic Council, NEC, and the National Assembly. Again, for me, the degree of debate the Tax Reform Bills, 2024, has generated in the last fortnight or thereabouts obviously attests to Nigeria’s democratic resilience. Its intensity also does not in any way indicate any crack or division in the Parliament or in the National Economic Council. Rather, it clearly represents a high mark of dispassionate interests that nearly all political actors have shown in building an economy insulated from external shocks and a federation that works efficiently for all. For this reason, I sincerely appreciate all the inputs into the process of reinventing the…

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Five takeaways from Tax Reform Bills

 

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