Activista Nigeria Position Paper on Tax Bill, 2024.
Position Paper on Tax Bill, 2024 Prepared by Activista Nigeria Introduction The Nigeria Tax Bill, 2024, proposed by the Federal Government, seeks to reform the nation’s tax system by consolidating existing laws and introducing new measures to boost revenue. While these objectives appear pragmatic, the bill comes at a time when Nigerians are grappling with severe economic challenges. With inflation at 22.7%, unemployment at 33.3%, and over 63% of the population (133 million people) classified as multidimensionally poor according to the World Bank, the common man faces unprecedented hardships. Any proposed tax reforms must, therefore, prioritize social justice and equity, ensuring that the most vulnerable populations are not unduly burdened. This position paper evaluates the proposed bill from a tax justice and accountability perspective. It highlights specific sections of the bill that raise concerns about fairness and inclusiveness, analyzes their implications fo...