Nigeria Urged to Strengthen Oversight in 2025 Tax Act for Public Trust Restoration

A report by the Alliance for Economic Research and Ethics Ltd. emphasizes the critical necessity of robust oversight in Nigeria's 2025 tax act to ensure transparent public expenditure tracking and independent audits. The report, supported by historical analyses and global case studies, argues that credible fiscal oversight is essential for fulfilling democratic promises and rebuilding public trust.

Without effective oversight, the tax reforms risk being perceived as a revenue tool without democratic legitimacy, potentially hindering Nigeria's transition to a more transparent fiscal governance system. Experts stress the importance of reinforcing the fiscal bond between taxpayers and the state to maximize the transformative potential of the new tax regime.