Nigerians, Bola Ahmed Tinubu is about to hand our taxes and economic data to France.
Yesterday, December 10, the FIRS signed a Memorandum of Understanding with France’s tax authority at the French Embassy in Abuja.
France will provide AI audits, automated compliance, real-time analytics, and cybersecurity tools. In return, Nigeria will share insights from our digital economy and tax system, including international taxation issues like transfer pricing, profit shifting, and multinational compliance.
The government claims no raw taxpayer files will leave the country, but sensitive aggregated data will.
The truth is, this data can reveal key financial patterns and give France visibility into our economy. Once it leaves, we can’t get it back, putting our national economic sovereignty at risk.
France has been losing influence across West Africa, with Mali, Burkina Faso, and Niger pushing back. Now, while those doors close, Nigeria appears ready to open a new one, putting our fiscal independence at risk.
This MoU could compromise our control over our revenue system, expose sensitive economic data, and weaken Nigeria’s fiscal independence. We are big enough to manage our own tax system and employ our own experts.
This deal should be paused or renegotiated to protect Nigerian taxpayers and safeguard the sovereignty of our economy.
🇳🇬 Nigerians, Bola Ahmed Tinubu is about to hand our taxes and economic data to France.
Yesterday, December 10, the FIRS signed a Memorandum of Understanding with France’s tax authority at the French Embassy in Abuja.
France will provide AI audits, automated compliance, real-time analytics, and cybersecurity tools. In return, Nigeria will share insights from our digital economy and tax system, including international taxation issues like transfer pricing, profit shifting, and multinational compliance.
The government claims no raw taxpayer files will leave the country, but sensitive aggregated data will.
The truth is, this data can reveal key financial patterns and give France visibility into our economy. Once it leaves, we can’t get it back, putting our national economic sovereignty at risk.
France has been losing influence across West Africa, with Mali, Burkina Faso, and Niger pushing back. Now, while those doors close, Nigeria appears ready to open a new one, putting our fiscal independence at risk.
This MoU could compromise our control over our revenue system, expose sensitive economic data, and weaken Nigeria’s fiscal independence. We are big enough to manage our own tax system and employ our own experts.
This deal should be paused or renegotiated to protect Nigerian taxpayers and safeguard the sovereignty of our economy.
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