Peter Obi Backs President Tinubu’s Efforts On Tax Reforms

Peter Obi Backs President Tinubu’s Efforts On Tax ReformsPeter Obi, the 2023 presidential candidate for the Labour Party (LP), has expressed his support for President Bola Tinubu’s tax reform bills, describing the issue as a critical one for Nigeria. However, Obi emphasized that the reform process must be transparent, inclusive, and subjected to robust public debate.....KINDLY READ THE FULL STORY HERE▶

Naija News reports that Tinubu’s four proposed tax reform bills have sparked significant opposition in Northern Nigeria, with several groups in the region calling for the suspension of the legislation. Borno State Governor, Babagana Zulum, has also raised concerns, claiming that the reforms would disproportionately benefit Lagos and Rivers states.

In response to the growing debate, the presidency clarified that the proposed reforms are intended to streamline Nigeria’s tax administration and create a more business-friendly environment.

Peter Obi, the former Governor of Anambra State, took to X on Monday to voice his backing for the reforms but stressed the importance of including the public in the decision-making process. He called for a public hearing on the tax reform bills to ensure that Nigerians from all sectors of society have the opportunity to engage meaningfully in the discussions.

Obi stated, “Tax reform is a critical issue, and there is nothing wrong with pursuing it. However, such reform must be subject to robust and informed 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 policymaking.”

He further emphasized that matters of such magnitude require careful deliberation and should not be rushed. “Public hearings must be conducted to allow for diverse opinions and inputs. Such hearings would also ensure that a broad spectrum of public opinion is reflected in public policy,” Obi added.

The former governor also cautioned against focusing solely on the potential benefits to the government, particularly in terms of increased revenue collection. He urged that the reforms should consider the overall impact on all regions of the country and their long-term sustainability.

Obi concluded by stressing the importance of building trust and securing public buy-in for any policy changes. “Trust and legitimacy are the foundation of effective governance, and without them, even the best-intended reforms may fail. Let us prioritize transparency, deliberation, and public engagement as we chart the path forward. This is how we build a truly participatory democracy.

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