By Olu Fasan
Hardly anyone will disagree that Nigeria needs a fundamental tax reform. This, after all, is a country with one of the most cumbersome tax regimes in the world, where tax laws and regulations are overlapping and burdensome, where the administration and collection of taxes, and their spending, are ridden with inefficiency and corruption, and where tax avoidance and evasion are prevalent. Nigeria’s tax system is in deep crisis.
However, while crises are a trigger for fundamental reforms, making the status quo unsustainable, they are not sufficient for reform success. In a democracy, there’s a critical need for an explicit electoral mandate for reform and for a carefully crafted policy design, shaped by a broad consensus for change.
