Iyabo Masha, the Director of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, has highlighted the importance of ongoing tax reforms in Nigeria. Speaking at a press conference in Abuja, Masha articulated that these reforms are integral to transforming Nigeria into a more modern and efficient economy. The upcoming G-24 Technical Group Meeting, scheduled to take place in Abuja from February 18 to 20, will focus on mobilizing finance for sustainable and inclusive economic growth, which directly relates to the need for robust tax policies.

Masha's assertion that tax and domestic resource mobilization are fundamental to economic development underlines the significance of government revenue in supporting essential services such as infrastructure, education, and healthcare. As the first African to lead the G-24 since its formation over fifty years ago, she brings a unique perspective to the role of taxation in driving economic reform. Her comments reflect a growing recognition within Nigeria of the need to deepen the formalization of the economy and enhance public finances, which are critical for achieving long-term sustainable growth.

The implications of these reforms are significant, not only for Nigeria but also for its partners within the G-24 framework. By prioritizing tax reform, Nigeria aims to fortify its economic foundations and effectively mobilize resources to address pressing social needs. The outcomes of the G-24 meeting will likely shape future policies aimed at improving economic resilience and fostering inclusive growth across member states, aligning closely with global goals for sustainable development and poverty reduction.