G-24 chief says tax reforms can transform Nigeria’s economy
Iyabo Masha, Director of the Intergovernmental Group of Twenty-Four (G-24), has highlighted the importance of ongoing tax reforms for Nigeria’s economic future. She believes these reforms will help modernise the country and improve efficiency. Iyabo Masha is the first African to lead the G-24 since its inception. She spoke about these issues at a press conference in Abuja ahead of a major G-24 meeting.
TLDR
- Iyabo Masha stated that tax and domestic resource mobilisation are crucial for Nigeria’s development.
- She explained that the new tax policy aims to bring more companies into the tax net and adjust some tax rates.
- The reforms, though initially challenging, are expected to help Nigeria become a more modern and efficient economy.
- The upcoming G-24 meeting in Abuja will address topics like digital taxation, climate change, and financial inclusion.
- Iyabo Masha emphasised the need for sustainable debt management and stronger regional economic cooperation.
