As Nigeria prepares for the first year of implementation of its tax overhaul, questions are emerging over whether the new framework will increase public revenue without adding pressure on households and businesses amid a weak economic environment. The reforms consolidate multiple tax laws into a single framework and introduce administrative and compliance changes. While supporters argue that simplification and base expansion could increase non-oil revenue, critics warn that the measures could add to cost pressures, even as inflation shows
As Nigeria prepares for the first year of implementation of its tax overhaul, questions are emerging over whether the new framework will increase public revenue without adding pressure on households and businesses amid a weak economic environment. The reforms consolidate multiple tax laws into a single framework and introduce administrative and compliance changes. While supporters argue that simplification and base expansion could increase non-oil revenue, critics warn that the measures could add to cost pressures, even as inflation shows