The Osun Masterminds, TOM, a civic organisation, has expressed concern over the timing of the implementation of the proposed tax reforms.
TOM, while welcoming the Federal Government’s proposed tax reforms, urged President Bola Tinubu to reconsider plans to commence implementation on January 1, 2026.
The group made the appeal in its ‘State of the State’ address for December delivered by its Executive Director, Prof. Wasiu Oyedokun-Alli, on Tuesday.
Oyedokun-Alli who commended the industry put into the entire document said the proposed start date had generated nationwide controversy.
Citing allegations that the tax policy document was altered after it was signed into law, Oyedokun-Alli said this has created widespread uncertainty and public debate.
Oyedokun-Alli also pointed to conflicting explanations surrounding the reforms, including narratives attributed to the tax reform committee led by Taiwo Oyedele, which he said had heightened public apprehension.
“It is our firm belief that such a policy must have the buy-in of citizens, in whose overall interest the President said the reform was made. We call for broader consultation before implementation,” he said.
Beyond tax reforms, the organisation drew attention to the persistent economic hardship across the country and urged both the federal and state governments to expand palliative measures to cushion citizens.
The group expressed support for the Socio-Economic Rights and Accountability Project, SERAP, over its legal action against state governments regarding the use of funds accruing from the removal of fuel subsidy.
It also referenced recent comments by the leadership of the Economic and Financial Crimes Commission EFCC, alleging that some state governors diverted substantial portions of funds meant for public welfare.
“If we do away with this humongous corruption and wasteful spending, more developmental projects will be executed for the benefit of citizens,” Prof. Oyedokun-Alli said.
The Osun Masterminds stressed the need for greater accountability at the subnational level, describing transparency as critical to easing economic pressures.
On fuel prices, the organisation noted a recent decline, with petrol reportedly selling for about ₦770 per litre at some filling stations.
While welcoming the reduction, Prof. Oyedokun-Alli said the price remained unaffordable for many Nigerians, urging the Federal Government to intensify efforts to further reduce pump prices.
“Mr President cannot and must not rest until we attain a pump price that does not make life miserable for the common man,” he said.
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