Nigeria’s new Tax Act, set to take effect in January 2025, is generating debate among experts over transparency and the management of public funds.

The reform aims to broaden the tax base, improve efficiency, and boost non-oil revenue as the country grapples with declining oil earnings and mounting fiscal pressure.

While government officials describe the law as a critical tool for economic stabilization and development financing, analysts warn that increased revenue must be matched with stronger fiscal discipline.

They argue that without clear accountability mechanisms, the reform risks deepening public skepticism over how tax revenues are utilized.