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Tax Reform is Critical, There’s Nothing Wrong With Pursuing It, Peter Obi Says

The 2023 presidential candidate for the Labour Party, Peter Obi has described the controversial Tax Reform Bills proposed to the National Assembly by President Bola Tinubu as a critical issue.

Obi in a post on X said there is also nothing wrong with pursing the tax reform.

He, however stated that such reform must be subjected to a robust and informed public debate.

Noting that a public hearing on tax reform is essential, Obi said it will avail Nigerians the opportunity to engage meaningfully on the matter and have a better understanding of the proposal.

He also stated that such hearing will also build trust between citizens and those in power by ensuring inclusivity in policymaking.

He said, “Matters of this magnitude require extensive deliberation and careful consideration – they should never be rushed.

“Public hearings must be conducted to allow for diverse opinions and inputs.

Such public hearing would also enable the broadest spectrum of public opinion to be reflected in public policy,” Obi said.

In addition, the former governor of Anambra State said that when considering tax reforms and similar issues, it is insufficient to focus solely on the benefits to the government, particularly in terms of increasing revenue collection.

He stated that it is important to take into account the overall impact on the nation and the sustainability of all its regions.

“Furthermore, the government must sensitize the people and secure their buy-in for any policy changes.

“Trust and legitimacy are the foundation of effective governance, and without them, even the best-intended reforms may fail.

“Let us prioritize transparency, deliberation, and public engagement in charting the path forward. This is how we build a truly participatory democracy,” Obi said.

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