Peter Obi, the presidential candidate of the Labour Party in the 2023 general elections, has raised significant concerns about the ongoing discussions on the federal government’s proposed tax reforms, urging the National Assembly to ensure that these reforms are transparent and inclusive of the Nigerian people.
Obi’s remarks come at a time when the proposed tax bills, including changes to the Value Added Tax (VAT) and other aspects of Nigeria’s tax system, have stirred controversy and debate across the country.
Obi, who has consistently advocated for policies that prioritize the well-being of ordinary Nigerians, stated that tax reform is undeniably a crucial issue for the nation’s economic development. However, he stressed that the reform process should not solely benefit the government or a select few, but should instead be designed in a way that addresses the needs and concerns of all Nigerians, particularly the poor and middle class. “There is nothing wrong with pursuing tax reform,” Obi acknowledged in a post on X. “But this process must be inclusive, transparent, and engaging for the Nigerian people.”
Obi’s call for transparency is particularly pertinent, given the widespread concerns that the tax reforms, particularly the proposed increases in VAT and the adjustments in tax thresholds, may place an undue burden on Nigerians, especially those from low-income backgrounds. He emphasized that in order to build public trust and ensure that the reforms benefit everyone, it is essential that there be a space for open dialogue and debate on the issue. “A public hearing on tax reform is essential,” Obi stated, “allowing Nigerians from all walks of life to engage meaningfully. This is how we build public trust and ensure inclusivity in policymaking.”
One of Obi’s central arguments is that the proposed tax reforms must not be considered in isolation, particularly in terms of increasing revenue collection for the government. While he acknowledged the importance of strengthening Nigeria’s tax system to support government expenditures, he warned that the reforms must also consider the broader social and economic impact on Nigerians, especially vulnerable groups. “It is insufficient to focus solely on the benefits to the government,” Obi said. “We must also take into account the overall impact on the nation and the sustainability of all its regions.” He emphasized the need to ensure that any tax reforms implemented are equitable and fair, taking into account the unique economic circumstances of each region in Nigeria.
Moreover, Obi pointed out that trust and legitimacy are the foundation of effective governance. He argued that without transparency, inclusivity, and broad-based support, even the most well-intentioned reforms could fail to achieve their desired outcomes. “Trust and legitimacy are the foundation of effective governance,” he said. “Without them, even the best-intended reforms may fail.” For Obi, fostering trust in the government is key to making any reform process successful, particularly one that could significantly affect the daily lives of Nigerians.
In addition to advocating for public participation in the tax reform process, Obi also underscored the importance of holding the government accountable. He warned against rushing reforms through without sufficient public input or adequate consideration of the consequences for ordinary Nigerians. “We need to ensure that any reforms made are fair, just, and transparent, and that they do not disproportionately burden the less privileged in society,” he stressed.
Obi’s comments reflect his ongoing commitment to championing the interests of ordinary Nigerians and ensuring that their voices are heard in the policy-making process. As the debate around the tax reforms continues to unfold, it remains to be seen how much influence public opinion and dialogue will have on shaping the final outcome of these proposed changes. However, Obi’s call for greater inclusivity, transparency, and fairness could play a crucial role in pushing for reforms that genuinely benefit the entire nation.
