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Tax experts, academics,Legal luminaries, policy makers, government officials and some members of professional bodies have converged in Abuja at a national conference on the New Tax framework in Nigeria with the theme, “Nigeria’s New Tax Law and Fiscal Federalism: Implications for Revenue Mobilization,Governance, and Sustainable Development”, with IBB University, Lapai, as lead organiser.
In a welcome address, the Vice Chancellor of Ibrahim Badamasi Babangida University, Lapai, Professor Mohammed Hadi Sulaiman, called for a fair, transparent and technology driven tax system to enhance national development.
He said taxation remained a critical instrument for economic growth, infrastructural development and sustainable governance, noting that Nigeria’s new tax framework had come at a time the nation needed to diversify revenue and block fiscal leakages.
According to him, Institutions of higher learning must continue to provide intellectual platforms for evidence-based conversations capable of shaping national economic policies.
The Vice Chancellor described the conference as a gathering of minds committed to examining the opportunities, challenges and policy implications of the new fiscal order in Nigeria.
Declaring the conference open, the Senator representing Niger East Senatorial District, Senator Muhammad Sani Musa, said the success of tax reforms in Nigeria would depend largely on citizens’ trust, legislative support and efficient implementation.
Senator Musa said Nigeria could no longer depend solely on crude oil revenue, stressing that a broadened and well-structured tax system was necessary for economic resilience.
He said the National Assembly would continue to support tax laws capable of protecting businesses, encouraging compliance and ensuring that Nigerians benefited from public resources generated through taxation.
“The new tax regime must be humane, equitable and productive.
“It must simplify collection processes, reduce corruption and create visible impact on the lives of citizens,” the Senator said.
He, therefore, urged scholars, tax professioals and administrators to evolve recommendations that would assist government in deepening fiscal reforms.
In a vote of thanks, the Vice Chancellor of El-Amin University, Minna, Dr. Emmanuel Zwanbi, appreciated participant ins, speakers and organisers for what he described as a timely and impactful national engagement.
Dr. Zwanbi said the quality of discussions and scholarly contributions at the conference had demonstrated the readiness of Nigerian intellectuals to contribute meaningfully to policy reforms.
He expressed optimism that resolutions from the conference would influence government decisions and improve tax administration in the country.
Highlights of the conference included technical paper presentations by renowned professors and tax exp erts on various aspects of the new tax framework as well as presentation of plagues of excellence to the paper presenters.