Bola Tinubu’s Tax Laws: Tainted By Bad Faith, Integrity Deficit

 By Olu Fasan

Hardly anyone disagreed that Nigeria needed a new tax regime. The erstwhile tax rules were complex and cumbersome, their administration ridden with corruption and inefficiency. So, when, in August 2023, barely four months in office, President Bola Tinubu inaugurated the Presidential Committee on Fiscal Policy and Tax Reforms, he was on to something truly transformative if carefully crafted and shaped by a broad consensus.

*Tinubu signs the new tax law

 Unfortunately, however, the tax reforms started off on the wrong foot and ended, after a tortuous process, with new tax laws tainted by bad faith, manifested in skulduggery and cognitive biases that threaten to undermine the integrity and, thus, success of the new tax regime.

Saving Nigeria’s Manufacturing Industry

By Elvis Eromosele  

The manufacturing industry is crucial to a nation’s economy. It plays a significant role in generating employment, increasing productivity and driving economic growth. In Nigeria, the manufacturing industry is a critical sector that contributes significantly to the country’s gross domestic product, GDP, through job creation, wealth creation, and increased tax revenue for the government.

It has equally been identified as a key sector in the nation’s quest for diversification away from oil dependency. It can enable a country to reduce its reliance on imports, improve its trade balance, and increase its overall competitiveness. Manufacturing is almost all things good.  Unfortunately, the nation’s manufacturing industry has long struggled with a host of challenges that have prevented it from achieving its full potential. Some of these challenges have intensified in the last decade.