Tax Policy as Governance Enabler, Says NTPIC Chairman

Joseph Tegb, the chairman of the National Tax Policy Implementation Committee (NTPIC), stressed the role of tax policy as a governance enabler at the Nigeria Revenue Service's leadership retreat. He explained that a simplified, equitable, and predictable tax administration framework is essential for fostering voluntary compliance, reducing operational friction, and strengthening investor confidence.

Tegb warned that ad hoc policy adjustments could undermine reform momentum and deter business investment. He noted that the success of Nigeria's recent tax reform framework, which includes the passage of four new tax laws, will depend on its disciplined execution by 2026.

Tegb pointed out that Nigeria's tax-to-GDP ratio remains among the lowest of major economies, which constrains fiscal flexibility and heightens vulnerability to oil price fluctuations. He argued that institutional performance is a primary driver of fiscal resilience, and the effective implementation of these reforms will determine the country's long-term fiscal outcomes.