“As I travel the world and meet leaders who have transformed their nations, one lesson is clear: lasting economic and social progress begins with national consensus,” Obi wrote. He said governments must be truthful with citizens about how tax policies affect incomes and how revenues will translate into development outcomes. “You cannot tax your way out of poverty — you must produce your way out of it,” he said. His comments come amid heightened public debate over Nigeria’s tax reforms and revenue measures. The reforms have included changes to value-added tax administration, excise duties and efforts to widen the tax net, which had taken effect this new year.

Source: The Guardian January 02, 2026 22:54 UTC