{"id":178843,"date":"2025-09-14T19:37:42","date_gmt":"2025-09-14T18:37:42","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/moghalu-critiques-tax-demands-amid-waste-and-corruption"},"modified":"2025-09-14T20:43:54","modified_gmt":"2025-09-14T19:43:54","slug":"moghalu-critiques-tax-demands-amid-waste-and-corruption","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/moghalu-critiques-tax-demands-amid-waste-and-corruption","title":{"rendered":"Moghalu Critiques Tax Demands Amid Waste and Corruption"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has described as unfair the demand for more taxes from Nigerians amid the profligacy and corruption by leaders.<\/p>\n

Moghalu questioned how oil revenues and billions of dollars in borrowed funds had been spent, stressing that accountability must precede any fresh tax demands.<\/p>\n

In a post on X on Sunday, the former CBN governor described Nigeria\u2019s political class as \u201cself-entitled elites\u201d who lack transparency.<\/p>\n

While acknowledging that tax reforms are broadly in the right direction, Moghalu insisted that without addressing corruption and waste in governance, the burden on ordinary Nigerians would remain unjust.<\/p>\n

He said: \u201cThe profligacy and corruption in what passes for governance in our country, Nigeria, makes it unfair to expect citizens to pay any additional taxes. While taxes are an important part of the social contract, the question must first be asked: what have the revenues from oil and the numerous loans we have borrowed been spent on?<\/p>\n

\u201cAccountability is a core principle of governance. It does not exist with our self-entitled political elites. While the tax reform laws are broadly in a good direction, the core questions of accountability and transparency must be addressed. They haven\u2019t.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has described as unfair the demand for more taxes from Nigerians amid the profligacy and corruption by leaders. Moghalu questioned how oil revenues and billions of dollars in borrowed funds had been spent, stressing that accountability must precede any fresh tax […]<\/p>\n","protected":false},"author":84,"featured_media":178842,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[2948,254,646],"class_list":["post-178843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-moghalu","tag-nigeria","tag-tax"],"yoast_head":"\nMoghalu Critiques Tax Demands Amid Waste and Corruption - Nigeria<\/title>\n<meta name=\"description\" content=\"Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has described as unfair the demand for more tax ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/moghalu-critiques-tax-demands-amid-waste-and-corruption\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moghalu Critiques Tax Demands Amid Waste and Corruption\" \/>\n<meta property=\"og:description\" content=\"Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has described as unfair the demand for more tax ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/moghalu-critiques-tax-demands-amid-waste-and-corruption\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-14T18:37:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-14T19:43:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/09\/sm_1757866616.386813.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"715\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/moghalu-critiques-tax-demands-amid-waste-and-corruption#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/moghalu-critiques-tax-demands-amid-waste-and-corruption\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Moghalu Critiques Tax Demands Amid Waste and Corruption\",\"datePublished\":\"2025-09-14T18:37:42+00:00\",\"dateModified\":\"2025-09-14T19:43:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/moghalu-critiques-tax-demands-amid-waste-and-corruption\"},\"wordCount\":222,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/moghalu-critiques-tax-demands-amid-waste-and-corruption#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/09\/sm_1757866616.386813.jpg\",\"keywords\":[\"Moghalu\",\"Nigeria\",\"tax\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/moghalu-critiques-tax-demands-amid-waste-and-corruption#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/moghalu-critiques-tax-demands-amid-waste-and-corruption\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/moghalu-critiques-tax-demands-amid-waste-and-corruption\",\"name\":\"Moghalu Critiques Tax Demands Amid Waste and Corruption - 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