Former Social Democratic Party (SDP) Presidential Candidate, Adewole Adebayo, has raised critical questions about Nigeria’s tax system, calling for greater accountability and a focus on citizens’ welfare.
Speaking during a public engagement, Adebayo criticized the ongoing debates on tax reforms as disconnected from the realities faced by Nigerians.
“The issue is not just about new tax bills but about accountability for the trillions already collected. Before introducing new taxes, let us ask: where is the money from petroleum, solid minerals, and other sources?” Adebayo queried.
Adebayo also expressed concern about the increasing tax burden on ordinary Nigerians, particularly with value-added tax (VAT) hikes on essential goods.
“The poor are being squeezed while the political class enjoys extravagance. Raising taxes on essentials is unjust when previous revenues remain unaccounted for,” he said.
Adebayo highlighted the gap between revenue collection and public service delivery, noting that while the government collects significant sums daily, the average Nigerian continues to struggle.
“Every day, the government collects more money than some West African nations generate in a year. Yet, Nigerians remain hungry and underserved. Where is the transparency?” he asked.
He criticized the focus on intergovernmental tussles over tax revenues, describing it as irrelevant to the suffering masses.
“The debate over whether Abuja or state governments should hold more tax revenue is a fight among the elite. Nigerians care about results, better schools, healthcare, and roads not about who controls the funds,” he added.
Adebayo urged the government to revisit constitutional principles designed to guide the allocation and utilization of resources. He emphasized the need for a leadership ethos that prioritizes public welfare over personal gain.
“The Constitution provides a framework for equitable governance, but it is being ignored. Leaders must redirect funds toward improving lives, not luxuries,” he stated.
He urged citizens to demand accountability, noting that sustainable development requires ethical governance and effective resource utilization.
“Nigerians must not only ask for better policies but ensure their leaders are accountable. The focus should be on meeting citizens’ basic needs, not enriching a select few,” he concluded.