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How tax evasion affects economic growth

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From Isaac Anumihe, Abuja

Chartered Institute of Taxation of Nigeria (CITN) has identified tax evasion as one of the evils that causes underdevelopment because it affects revenue.

In his remarks as the chief host at the investiture of Dr Caroline Ndubuisi as the sixth National Chairperson of Society of Women in Taxation (SWIT) at the weekend, the CITN president, Mr Samuel Agbeluyi described the rate of tax evasion as alarming, saying that the the elite and the corporate bodies are the most offenders.

He called on the legislature to give the tax bill, currently before the National Assembly, a speedy consideration.

“This legislative effort is certainly commendable; however, no matter how well-designed a policy or law may be, its success ultimately depends on the quality of its implementation. As tax professionals, our contributions have never been more crucial than now. The bill, currently awaiting concurrent approval from the senate, amongst other things, recommends the introduction of tax agents who will serve as intermediaries between tax payers and revenue authorities” he said

According to Agbeluyi, people evade tax when the politicians and leaders don’t make good use of the taxes collected.

“We, therefore, appeal to the leaders to ensure that whatever that’s collected from tax payers is used for the development of Nigeria” he said.

Earlier, the National Deputy Vice Chairperson of SWIT, Dr. Odunayo Ani, said that for decades, SWIT has stood as a beacon of empowerment and innovation, championing the advancement of women in Nigeria’s taxation landscape.

“Through collaboration, knowledge-sharing, and advocacy, SWIT has cultivated a thriving community where professionals unite to elevate their expertise and amplify their impact.
As we embark on this new era, we are filled with optimism and anticipation. The investiture of Ndubuisi symbolises not only continuity but also a renewed commitment to progress” she noted

In her acceptance speech, Ndubuisi
said that her administration will anchor its achievements on four pillars which include amplifying advocacy, elevating excellence, expanding impact and empowering suitability.
“As we chart the course ahead, we will anchor our work on four core pillars—each a reflection of our values and aspirations

“This day is not merely a ceremony; it is a celebration of legacy, a renewal of purpose, and a call to action.
As I humbly step into the role of the 6th National Chairperson of the Society of Women in Taxation (SWIT), I do so with heartfelt gratitude and steadfast resolve. I stand tall because I stand on the shoulders of extraordinary women: from our founding matriarch, Mrs. Adebimpe Balogun.

“SWIT began with a bold vision—to build one of Nigeria’s leading professional women’s associations, amplifying the voices of women in tax policy, law, and administration. Over the years, that vision has taken root and flourished. Today, we stand more decisive, united, and determined than ever.

“We are not merely a professional body, we are a movement, driven by purpose, principle, and the unwavering belief that taxation can be a tool not just for revenue but also for equity, growth, and national transformation.” she said



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