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NECA, representing Nigeria’s organized private sector, strongly endorses the imminent implementation of the new tax legislation, framing it as a critical step toward a more consistent and productive business environment despite significant political resistance. The association argues that the reforms’ core objective—to stimulate job creation and address economic insecurity—outweighs procedural disputes, urging immediate action with provisions for future amendments. It commends the reform committee’s extensive stakeholder engagement while calling for a collaborative public awareness campaign with tax authorities to ensure successfulContinue Reading

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Kano stakeholders are actively engaging with Nigeria’s new federal tax reforms through a major sensitization program, highlighting a critical shift towards a more progressive and streamlined fiscal system. The reforms aim to enhance fairness and economic stability by restructuring approximately 70 taxes, focusing on business profits, and implementing a progressive structure that exempts the poor while increasing contributions from the wealthy. This collaborative effort between civil society and financial experts underscores the strategic goal of boosting revenue, reducing evasion, and fostering transparency through widespread public and business understandingContinue Reading