Nigerians, it’s time to rally behind the 2026 tax reforms your buy-in could supercharge President Bola Tinubu’s economic vision.
That’s the rallying cry from Dr Mahmoud Alfa, a former World Bank political economy guru and Kogi native, who insists success hinges on trust and smart stewardship.
In a Friday Abuja release, Alfa praised Tinubu’s “gutsy moves” already sparking gains, despite lingering doubts. Nigeria? Way under-taxed globally, yet choked by overlapping levies hitting traders hardest.
The Tax Trap: Reality vs. Promise
- Multiple hits: Businesses dodge ease-of-doing-business gains amid duplicate fees.
- Citizen pulse: Surveys show frustration progress creeps, but not fast enough.
Alfa, head of Vibranium Group, flips the script: Taxation fuels progress. Top nations thrive on it; Nigeria leans on debt for roads and power. Why the gap?
“Folks dodge taxes; accountability’s thin. It’s a vicious cycle evade or embezzle, both crimes.”
Rebuild the Bridge: Pay Up, Show Results
Alfa’s fix? Mutual pact: Citizens contribute; leaders deliver transparency.
- Tax as investment: Funds schools, hospitals, jobs.
- No more chicken-egg: End evasion and misuse together.
He tips his hat to Taiwo Oyedele, fiscal reform chair, for demystifying the changes.
States Set for N4 Trillion Windfall
Just last week, Oyedele dropped bombshells at the BudgIT 2025 report launch:
- VAT shake-up: States snag 55% share from 2026.
- Annual haul: Over N4 trillion possible.
- FAAC surge: Doubled to N11.4tn in 2024 from N5.4tn prior.
Your Role in the Revolution
Skeptical? Fair. But Alfa sees dawn: Embrace reforms, demand oversight. A taxed, trusted Nigeria? Self-reliant, soaring.
Will you pay in for progress, or hold out? Debate in the comments!
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