There is a pervasive fear among Nigerians—often fueled by aggressive headlines—that the government is on the verge of peering into your bank account and arbitrarily debiting "unpaid taxes" based on your daily transaction alerts.
The fear is understandable. The government is desperate for revenue. The recent passage of the Income Tax Act (ITA) 2025, a product of the current administration’s tax reform committee, was meant to modernize our archaic tax laws. Despite the fanfare, the new Act has failed to address the fundamental structural flaws
