The key issues and challenges of implementing the National Tax Policy (Part 1)


According to the former United States President, Franklin D. Roosevelt, “Taxes, after all, are the dues that we pay for the privileges of membership in an organised society.” In Nigeria, like many other countries around the globe, taxes play a critical role in ensuring the existence of the Nation and the well-being of her people.

Given the significance of taxation, it is important for governments at all levels to pay attention to what is collected, how it is collected, who collects what, who controls what is collected, how what is collected is spent and who is ultimately responsible and accountable to the taxpayers for the revenue collected and its utilisation.

The National Tax Policy (NTP) was approved in January 2010 and seeks to provide a set of guidelines, rules and modus operandi that would regulate Nigeria’s tax system and provide a basis for tax legislation and tax administration. Over 3 years after, the NTP is yet to be markedly implemented neither is there a structure in place to ensure its full implementation