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Legislative Advocacy: Center Participates in Tax Reforms Bill Public Hearing

  • Description :
    News

    The Center, has, during its participation at the Senate’s Presidential Fiscal Policy and Tax Reforms Committee’s public hearing on Nigeria Tax Reform Bill 2024 called for fiscal transparency in order to maximize the gains of the reforms.

    While we commend efforts to streamline and modernize Nigeria’s tax system, we emphasize that fiscal transparency must go beyond revenue generation to include clear accountability in expenditure. Our recommendations focus on ensuring that tax revenues are not only collected efficiently but also allocated and spent transparently for public benefit.

    Among others, we called on Ministries, Departments, and Agencies (MDAs) at federal, state, and local levels to mandatorily and proactively disclose and publish detailed reports on how tax revenues are allocated and spent. This information should be easily accessible on official platforms to enhance public oversight.

    We also recommended that there should be a standardized system where taxpayers receive personalized updates via email or SMS on the utilization of their tax contributions. This will enhance greater public confidence in government fiscal management.

    To strengthen integrity in governance, we also recommended that public officers’ tax returns are made publicly available. This measure will deter corruption, promote accountability, and rebuild public trust in leadership.

    We strongly believe that integrating these transparency measures into Nigeria’s tax reform will enhance public trust, accountability, and fiscal integrity. We remains committed to collaborating with all stakeholders to ensure that Nigeria’s tax policies serve the best interests of its citizens.

  • Date Posted :
    2025-02-26 15:12:47
  • Posted By :
    ceftiw
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