Stakeholders from across the business, academic, and civil society sectors gathered in Kano on Saturday for a crucial roundtable aimed at demystifying Nigeria’s newly enacted tax reform law and sensitising the public on its provisions and benefits.
The engagement jointly organised by the Office of the Senior Special Assistant to the President on Community Engagement (Northwest) and the Federal Inland Revenue Service (FIRS), served as a platform to dispel widespread misconceptions about the legislation and promote a better understanding of its implications for individuals and businesses.
In his opening remarks, Abdullahi Tanko Yakasai, the Senior Special Assistant to the President on Community Engagement (Northwest), said the initiative became necessary in light of misinformation surrounding the new tax policy.
“There has been a lot of misunderstanding about the new tax law. This engagement is designed to clear the air and provide accurate information, especially on how the revenues will be shared—50 percent on equal basis among states, 30 percent based on consumption levels, and 20 percent based on population,” Yakasai explained.
