Tax reforms essential for funding national devt — NOA DG

Nigerians have been told that taxation is essential for funding national development considering that whatever amount is generated is recircled back into the system for growth and development.

The assertion was made on Wednesday by the Director General of the National Orientation Agency (NOA), Lanre Issa-Onilu while flagging off nationwide sensitization Campaigns on five critical issues that are central to the nation’s well-being, unity, and development including the controversial tax reform Bill with the theme: “Promoting Awareness, Ethical Values and National Development”.

He stated, “But we recognize that it has been a source of concern for many Nigerians due to issues like multiple taxation and its impact on low-income earners. To address these challenges, the government is implementing reforms to make the system fairer and less burdensome for citizens.”

Represented by the Director, Planning, Research and Strategy, NOA headquarters, Nuru Yusuf Kobi, the DG stated, “I want to briefly break down the tax reform bills in a very concise and easily understood manner.”

According to him, “The tax reform bills are four different bills that seek to bring everything about taxation and the administration of tax in Nigeria under four different pieces of legislation.”

“The bills are as follows: The Nigeria Tax Bill; The Nigeria Tax Administration Bill; The Nigeria Revenue Service Establishment Bill and The Joint Revenue Board Establishment Bill,” he listed.

The NOA DG stated further, “For instance, The Nigeria Tax Bill is where all major taxes imposed on individuals and companies are clearly stated, as well as the rates. This bill is just like a compendium of taxes charged in Nigeria. The Nigeria Tax Bill amalgamated all the existing laws in which provisions for taxation were made. When passed, this bill will lead to the repeal of 11 laws that contain provisions on the imposition and collection of taxes.”

He added, “Here’s how these reforms will benefit everyone: No More Double Taxes: The government is working to stop different levels of authority from taxing people for the same thing.”

He further noted that “Support for Low-Income Earners: Those earning very little will pay little or no taxes, helping them manage their finances better.”

Also, “Simpler and Transparent Processes: New digital systems are being introduced to make tax payments easier, faster, and more accountable.”

“Visible Impact of Taxes: Tax revenue will be used to improve essential public services like schools, hospitals, and infrastructure, ensuring citizens see the benefits of their contributions,” he added.

According to him, “These reforms are designed to ease the burden on hardworking Nigerians while ensuring everyone contributes fairly. By supporting this effort, we can create a tax system that works for all and funds the development projects that will improve our nation.”

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