Nigeria, Jan. 5 -- Nigeria's tax reform has triggered widespread public anxiety and resistance, as households and businesses already stretched by high inflation and weak incomes brace for new compliance demands.

Amid the growing noise, the Centre for the Promotion of Private Enterprise (CPPE) has warned that the reform risks failure unless it is implemented gradually and with sensitivity to economic and political realities.

In a policy note signed by its CEO, Muda Yusuf, on Sunday, the policy think tank said Nigeria's tax reform is one of the most ambitious fiscal restructuring efforts in recent decades.

"Nigeria's ongoing tax reform ranks among the most ambitious fiscal restructuring efforts in recent decades. Conceptually, it is a so...