GGA-Nigeria’s reform manual on Mainstreaming Good Governance into Nigerian Tax Reform offers a fresh and provocative perspective on taxation. It seeks to stimulate dialogue on the most important governance interventions and the sequencing required to actualise Nigeria’s tax reform objectives.
The book reiterates the importance of an effective tax system, especially for an oil-dependent economy like Nigeria. With Nigeria collecting about 6% of its half a trillion-dollar economy in tax – far short of emerging economy peers – the governments needs a targeted effort to capture more of the tax opportunities that abound in the formal and informal sectors of the economy.
Though Nigeria is a relatively strong state, social-service delivery remains dismal owing to inadequate, unstable and poorly managed revenue collection, which largely accounts for its citizens’ negative attitude to tax.
