
An economic expert and Commissioner of the Tax Appeal Tribunal, Olugbuyiro Akinola, has applauded President Bola Ahmed Tinubu’s administration’s tax reforms, saying the impactful measures are already strengthening government revenue and creating the resources needed to fund critical infrastructure and welfare programmes for Nigerians.
Akinola, who is also a legal practitioner with over two decades of experience in commercial, banking, and oil and gas transactions, stated this during an interview with journalists in Akure, the Ondo State capital.
According to him, the reforms have significantly improved revenue generation, with tax revenue now contributing a larger share of government income than oil and gas for the first time in Nigeria’s history.
He explained that Nigerians are now encouraged by seeing how their taxes are being judiciously utilised for their benefit and for the development of the country.
Akinola further noted that the increase in tax revenue is enabling the Federal Government to fund major infrastructure projects across the country as part of the administration’s Renewed Hope development agenda.
He cited several ongoing road construction projects, including the Lagos–Calabar Coastal Highway and other major corridors such as Badagry–Sokoto, Enugu–Onitsha–Owerri–Port Harcourt, as well as road networks linking Ore, Ondo, Akure, Itaogbolu, Iju and Ikere.
“The taxpayer now understands the tax process better, and through that, it has increased our revenue. For the first time in the history of this country, under this administration, tax revenue now accounts for about 68 per cent of our public revenue,” he said.
According to him, these projects are being made possible because more taxpayers and corporate organisations are now complying with tax laws following several landmark rulings of the Tax Appeal Tribunal.
“We have recorded repeated decisions of the Tax Appeal Tribunal across the country in which huge sums have been awarded against companies that previously failed to pay taxes such as stamp duty, value-added tax, and withholding tax. They are now paying,” he said.
Akinola, a leading aspirant for Akure North/Akure South Federal Constituency seat in House of Representatives on the platform of the All Progressives Congress (APC), said sustained reforms and public cooperation are essential to achieving long-term economic stability in the country..
He added that the funds generated from improved compliance are being channelled into infrastructure development and social welfare initiatives.
“When we get this money, it allows the government to develop social infrastructure and social welfare programmes for the people of Nigeria. That is the impact of the Tax Appeal Tribunal,” he said.
On whether Nigeria’s tax laws address emerging sectors such as the digital economy, Akinola said recent reforms initiated by the administration are designed to capture digital businesses operating in the country.
He explained that the reforms have introduced measures to tax multinational digital companies with a significant digital presence in Nigeria.
Akinola also noted that the reforms are designed to reduce the tax burden on the poor while focusing more on wealthy individuals and large corporations.
“When we talk about the digital economy, there are many companies like Google, Facebook, and Microsoft that are not physically resident in Nigeria but operate within our digital space. The law now captures companies with a digital presence in Nigeria so that transactions conducted within our territory can be taxed,” he said.
“For the first time in our history, we have a wholesale reform affecting all our tax processes, reducing the tax burden on the poor to the barest minimum. In fact, many of the poorest citizens do not pay tax at all, while the system now focuses on the wealthy and large corporations to fund infrastructure and welfare programmes,” he explained.
Speaking on how the government can strengthen public confidence in the tax system, Akinola emphasised the need for comprehensive tax education across the country.
He proposed the establishment of a national institute dedicated to tax education to improve citizens’ understanding of tax obligations and the benefits of compliance.
“We need an institute of tax education that will go from door to door, educating people about tax. Many people believe that when the government asks them to pay tax, it is trying to make life difficult for them,” he said.
He added that tax education should also be incorporated into the nation’s school curriculum so that citizens grow up understanding the importance of taxation.
“When everyone faithfully pays tax, the government will have a pool of resources to invest back into society—into security, education, healthcare, energy, and other services that the government must provide,” he said.
Akinola further expressed confidence that the ongoing reforms by President Tinubu will strengthen Nigeria’s fiscal system, enhance infrastructure development, and improve national security.





























