The Nigeria Extractive Industries Transparency Initiative, NEITI, has expressed its full support for the 2024 Tax Reform Bill currently before the National Assembly.
According to NEITI, its enactment has the potential to modernize Nigeria’s tax system.
A statement by NEITI’s Ag. Director, Communications & Stakeholders Management, Obiageli Onuorah, explained that the agency’s position was made known in a memo signed by its Executive Secretary, Dr Orji Ogbonnaya Orji and addressed to the leadership of the National Assembly and the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms.
Orji opined that the bill could streamline and broaden Nigeria’s tax administration and base to align with global best practices, pointing out that NEITI’s observations followed a detailed review of the draft legislation that showed extensive research and consultation to produce the innovative provisions that are being deliberated upon.
NEITI stated that…
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