The Nigeria Extractive Industries Transparency Initiative (NEITI) has endorsed the 2024 Tax Reform Bill currently being debated at the National Assembly.
NEITI in a memo on its position, signed by its Executive Secretary, Dr Orji Ogbonnaya Orji, and addressed to the leadership of the National Assembly and the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms which is leading the reform process, identified areas needed to improve the policy gaps in the Bill.
This was made known in a press statement by NEITI’s Communications & Stakeholders Management, Ag. Director, Mrs. Obiageli Onuorah issued yesterday.
The statement said according to Orji, “The Bill has the potential to modernize Nigeria’s tax system, streamline and broaden its administration and tax base to align with global best practices”.