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Tax reforms: Peter Obi states position on controversial bills

Afolabi Hakim by Afolabi Hakim
December 3, 2024
in National
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  • Stating his position on the topical subject, Obi demanded for transparency and openness in the proposed tax reforms, noting that such matters required careful consideration

Presidential candidate of Labour Party in the 2023 general elections, Mr Peter Obi, has weighed in on the raging debates that have dogged the proposed controversial tax reform bills.

The bills have divided opinions sharply and have been met with vehement pushback in some quarters, especially in the northern part of the country where many stakeholders from the region said the bills were not in the region’s interests.

Stating his position on the topical subject, Obi demanded for transparency and openness in the proposed tax reforms, noting that such matters required careful consideration.

In a post on his X handle on Tuesday, the former Anambra State governor, said carrying out tax reforms was not bad but citizens’ contributions and impact of the proposed policies on them must be prioritised.

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“Tax reform is a critical issue and there is nothing wrong with pursuing it. However, such reforms must be subject to a robust 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 policy making.

“Matters of this magnitude require extensive deliberations and careful consideration; they should never be rushed. Public hearings must be conducted to allow for diverse opinions and inputs.

“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,” he said.

Obi further stated that apart from the benefits to government, the overall impacts on the nation and the sustainability of all its component parts must be taken into account.

“Furthermore, the government must sensitise the people and secure their buy-in for any policy change. Trust and legitimacy are the foundations of effective governance; without them, even the best-intended reforms may fail.

“Let us prioritise transparency, deliberations and public engagement in charting the pathway forward. This is how we can build a truly participatory democracy, and a new Nigeria is possible,’’ he said

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