Peter Obi, a prominent figure in Nigerian politics and a staunch advocate for economic reform, has consistently emphasized the urgent need for comprehensive tax reform in Nigeria. According to him, a well-structured and efficient tax system is not just a revenue-generating mechanism but a cornerstone for sustainable national development.
Tax reform is a critical issue, and there is nothing wrong with pursuing it.
However, such reform must be subject to robust and informed public debate. A public hearing on tax reform is essential, allowing Nigerians from all walks of life to engage meaningfully. This is how we build public trust and ensure inclusivity in policymaking.
Matters of this magnitude require extensive deliberation and careful consideration—they should never be rushed.
Public hearings must be conducted to allow for diverse opinions and inputs.
Such public hearing would also enable the broadest spectrum of public opinion to be reflected in public policy.
When considering tax reforms and similar issues, it is insufficient to focus solely on the benefits to the government, particularly in terms of increasing revenue collection.
We must also take into account the overall impact on the nation and the sustainability of all its regions.
Furthermore, the government must sensitize the people and secure their buy-in for any policy changes.
Trust and legitimacy are the foundation of effective governance, and without them, even the best-intended reforms may fail.
Let us prioritize transparency, deliberation, and public engagement in charting the path forward. This is how we build a truly participatory democracy.
A new Nigeria is POssible!
-PO
Speaking on the issue, Obi highlighted the numerous challenges plaguing Nigeria’s current tax system. These include an over-reliance on oil revenue, widespread tax evasion, lack of accountability in tax utilization, and an informal sector that largely operates outside the tax net. These gaps, he argues, have stifled the country’s economic growth and undermined its ability to fund critical infrastructure and social programs.
