The Digest:
Former presidential candidate Peter Obi has condemned Nigeria’s new tax laws, calling them a form of “extortion” that lacks clarity, public consultation, and a clear social contract, revealing a deepening disconnect between policy and public trust in a system already straining under economic pressure.
Key Points:
- Peter Obi labels the new tax system “extortion” due to unclear public benefits.
- He calls for the suspension of the laws after KPMG identified 31 critical errors.
- The global firm warned the laws could discourage investment in Nigeria.
- Obi stresses that taxation is a social contract requiring trust and transparency.
- He notes a lack of public consultation before the laws were implemented.
- The government defended the laws after meeting with KPMG officials.
- Obi argues that enforcement without explanation undermines legitimacy.
