CPPE Warns Nigeria's Tax Reform Could Harm Informal Sector

The Centre for Promoting Private Enterprise (CPPE) cautions that Nigeria's tax reform, if not carefully designed and sequenced, could negatively affect the informal sector, which plays a significant role in the economy. Dr. Muda Yusuf, CEO of CPPE, highlights concerns about the potential adverse effects on micro, small, and nano enterprises, emphasizing the need for a cautious and inclusive approach to avoid hindering business growth and livelihoods.

The organization also criticizes aspects of the new tax framework, such as mandatory filings and penalties, warning that excessive enforcement could stifle enterprise growth.