The federal government has reaffirmed its commitment to gender-inclusive tax reforms, emphasizing the need for a fairer financial system to drive revenue growth and economic development.
Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, made this known at the launch of the International Budget Partnership (IBP) Nigeria’s New Country Strategy and the presentation of a groundbreaking report on Gender and Taxation in Abuja.
Women’s Role in Budgetary Policies
Bagudu acknowledged the critical role of women’s advocacy groups in influencing budgetary policies and defended recent fiscal measures, including subsidy removals and tax simplification. According to him, these changes will broaden the tax base and enhance revenue collection for national prosperity.
He also highlighted the financial hurdles women face, noting that systemic challenges often limit their access to capital and full participation in economic activities.
IBP Report Calls for Modernized Tax Collection
The IBP report urged governments to modernize tax collection through electronic payment systems and transparent processes to curb inefficiencies and prevent exploitation. It also recommended tax harmonization to eliminate arbitrary levies.
A key takeaway from the report was the need to raise public awareness about tax obligations and benefits, particularly for informal sector business owners, many of whom are women.
Ensuring Inclusive Public Budgets
IBP Nigeria’s Country Manager, Yinka Babalola, reiterated the organization’s commitment to ensuring that public budgets serve all citizens, especially marginalized groups.
“We are looking at the entire process of raising and spending public resources, which we call the public resource governance system. It extends beyond traditional financial management to include the role of private sector operators, legislative bodies, and auditors in ensuring accountability,” she said.
