REGULATION BY INVOICE
NIGERIA NEEDS REGULATION.
But it also needs businesses that are willing to stay, expand, employ people and invest for the long term.
Those goals should not be enemies.
When regulation is predictable, businesses know the rules.
When enforcement follows due process, legitimate penalties have credibility.
But when businesses face arbitrary or unlawful demands, capital that could have funded wages, production and expansion can instead disappear into disputes.
And government may ultimately lose the sustainable tax revenue those businesses could have generated.
The state can lose tomorrow’s legitimate revenue while chasing today’s questionable levy.
Nigeria needs durable revenue.
Revenue from thriving businesses.
Productive workers.
Expanding commerce.
Not regulatory ambushes.
Read the full AERE commentary: https://t.co/7g7c5rikgD…
#Nigeria #BusinessEnvironment #Regulation #Investment #AERE
Nigeria’s $5 billion Abu Dhabi financing debate should not be reduced to two extremes.
It does not have to be: “The facility is bad.” versus “Trust us. There is nothing to see.”
A sophisticated financing instrument can have legitimate commercial benefits while still creating public risks that deserve scrutiny.
That is the balance AERE’s latest analysis tries to establish.
Nigeria has made progress in macroeconomic stabilisation and fiscal communication.
But public financing involving sovereign obligations and public collateral should be explained well enough for legislators, auditors, markets and citizens to assess its cost and risk.
The public does not need every commercially sensitive document.
It does need the material facts.
Approval is not disclosure.
A sophisticated instrument should not become an invisible instrument.
Read the full analysis: https://t.co/7g7c5rikgD…
#Nigeria #Transparency #EconomicReform #PublicFinance #AERE
Nigeria’s $5 billion Abu Dhabi financing debate should not be reduced to two extremes.
It does not have to be: “The facility is bad.” versus “Trust us. There is nothing to see.”
A sophisticated financing instrument can have legitimate commercial benefits while still creating public risks that deserve scrutiny.
That is the balance AERE’s latest analysis tries to establish.
Nigeria has made progress in macroeconomic stabilisation and fiscal communication.
But public financing involving sovereign obligations and public collateral should be explained well enough for legislators, auditors, markets and citizens to assess its cost and risk.
The public does not need every commercially sensitive document.
It does need the material facts.
Approval is not disclosure.
A sophisticated instrument should not become an invisible instrument.
Read the full analysis: https://t.co/E3lfL9voqQ
#Nigeria #Transparency #EconomicReform #PublicFinance #AERE
"We are not corrupt. I would proudly say it. I sacked a governor for N300,000. Today, there is N300b still not accounted for"
- IBB, former military President of Nigeria says
#ibb#corruption#Nigeria#leadership#intergrity#EconomicDevelopment#EconomicReform #NigeriaBusiness #GovtAndBusiness #EaseOfDoingBusiness #PublicPrivatePartnership #wto #AfCFTA #fmiti #africanunion #Nigeriarevenueservice
A COUNTRY NEED TAXES TO FUNCTION
But taxpayers should never feel powerless before the institutions collecting them.
That is why Nigeria’s Tax Ombud matters.
As the tax system becomes more complex, from digital assets to the persistent challenge of multiple taxation, taxpayers need somewhere to raise legitimate concerns about delays, administrative unfairness and poor service.
The answer isn’t weaker tax collection.
And it isn’t unlimited powers for the Ombud.
It is institutional balance.
Revenue authorities collect.
Tax tribunals adjudicate disputes.
Courts interpret and enforce the law within their jurisdiction.
The Ombud helps ensure that tax administration itself remains accessible, responsive and fair.
Nigeria does not have to choose between collection and fairness.
A sustainable tax system requires both.
Tax justice must have a human face.
Read the full commentary: https://t.co/LB3cKpsNAg
#Nigeria #TaxJustice #TaxReform #Governance #AERE