News
Kwankwaso Urges Tinubu to Reconsider Tax Reform Bills for Nigeria’s Benefit
Rabiu Kwankwaso, the National Leader of the New Nigeria People’s Party (NNPP), called on President Bola Tinubu to reconsider his position on the proposed Tax Reform Bills, urging him to think of the Nigerian people first.
In a post shared on his X handle, Kwankwaso reflected on the actions of past Nigerian leaders, such as former Presidents Olusegun Obasanjo and Goodluck Jonathan, who withdrew significant bills to safeguard the country’s interests.
He pointed out that this kind of thoughtful decision-making is necessary during difficult times, like those Nigeria is experiencing now.
“My position on tax reform is as follows: Now is not the right time to review VAT or introduce any new taxes.
Given the economic difficulties many Nigerians are enduring, such actions would be unwise and harmful,” Kwankwaso stated.
He stressed that the government’s focus should be on providing relief to the people, not imposing new financial burdens that could worsen their situation.
Kwankwaso further urged President Tinubu to listen to the National Economic Council and other respected figures who have voiced concern over the timing of these reforms.
He noted that policy decisions should be driven by the well-being of the people, not by personal agendas or political motivations.
“I strongly believe that any decision made should prioritize the common good of all Nigerians,” he added.
The former presidential candidate pointed out the historical precedence for withdrawing controversial bills in Nigeria.
He reminded Nigerians of how former President Olusegun Obasanjo, during his second term, withdrew the revenue-sharing bill, which was seen as a necessary step in the best interest of the country.
Similarly, President Jonathan, after consulting with prominent leaders, decided to withdraw a communication to the 7th National Assembly, citing national interest as the guiding principle.
Kwankwaso concluded his message by urging President Tinubu to follow suit and reconsider the Tax Reform Bills.
He emphasized that listening to the majority of Nigerians and respecting their concerns should be at the core of any decision-making process.
This, he argued, would not only benefit the nation but also reaffirm the commitment of the government to the people’s welfare.
Borno State Governor, Professor Babagana Zulum, has alleged that certain individuals are benefiting financially from the prolonged insurgency caused by Boko Haram and are reluctant to see it end.
In an interview with BBC Hausa, the governor lamented how these individuals, who profit from the crisis in the Northeast and neighboring Chad, are hindering efforts to combat the insurgency.
“There are people who don’t want this insecurity to end because they will not be happy with that,” Zulum stated.
While acknowledging progress in the fight against the insurgents, he expressed concern about the resurgence of Boko Haram fighters who have returned to the region after being driven out of Chad.
Zulum called for unity among citizens and urged them to support security agencies to tackle the menace effectively. However, the governor refrained from naming those allegedly profiting from the crisis.
Nigerian Pastor, Pastor Bolaji of the Lead Pastor of Harvesters International Christian Center (HICC), is under interrogation with the Force Criminal Investigation Department (FCID) in Abuja. The Pastor has been accused for real estate fraud and illegal money collection.
A report was shared with the confirmation from the police that this is just the beginning of the investigation with Pastor Bolaji. The investigation will be a long process as they will look through his financial records.
A police stated to the media “The Next Level Prayer Conference, Pastor Bolaji Idowu, has been arrested by the police, and he is being grilled in Abuja over real estate fraud and money laundering.”
Jimoh Ibrahim, the Senator representing Ondo South Senatorial District, has called for the taxation of rich Nigerians to help address the country’s economic challenges. Speaking to the Senate Press Corps after plenary on Tuesday, December 3, Ibrahim emphasized that taxing the wealthy is a global practice during economic crises.
During the plenary, he provided insight into the report on the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). Ibrahim highlighted that implementing higher taxes on affluent citizens would be a first for Nigeria and an effective way to increase the nation’s revenue.
“The rich in Nigeria are not paying enough taxes to be good jolly fellows with the poor. In other countries, taxes are paid on transactions, and the rich contribute more. Luxury taxes should be monitored and collected,” he said.
The senator also proposed the creation of a comprehensive database of taxable wealthy individuals, noting that only 18% of Nigerians currently fall within the tax net, leaving 72% untaxed.
Ibrahim urged the government to focus on transactional taxes for affluent citizens and to introduce laws ensuring effective collection of luxury and other taxes.
Governor Zulum Claims Some People Profit from Boko Haram Insurgency
Fire9ja Fashion Police: Choose Your Favourite Ayra Starr Look
Sabrina Carpenter and Barry Keoghan Have Allegedly Ended Their Relationship
-
Entertainment17 hours agoWizkid’s New Album Morayo Makes Billboard 200 Debut and Honors His Late Mother
-
Entertainment15 hours agoNollywood Actor, Yemi Solade Laments On Class Of Award Buyers
-
Entertainment15 hours agoNigerian Singer Timaya Shares His Reason For Remaining Single
-
Entertainment17 hours ago“Asake Is Big, But Saying He’s Bigger Than Me Is Pure Comedy Walai” – Blaqbonez Claims
-
Entertainment14 hours agoForbes Crowns American Rapper, Jay-Z As The Top One Rapper Of All Time
-
News16 hours agoPastor Bolaji Idowu Denies Allegations of N1.5 Billion Fraud Amid Police Investigation
-
News15 hours agoNigeria and South Africa Boost Economic Ties with New Trade and Investment Council
-
Sport17 hours agoWest Brom Refuses to Let Star Striker Josh Maja Leave Despite Transfer Interest