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Senator Jimoh Ibrahim Advocates Heavier Taxes for Wealthy Nigerians to Boost Economy
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.
Nigerian pastor and overseer of the Citadel Global Community Church, Pastor Tunde Bakare, addresses and reacts to the current happenings of the country regarding the kidnapping and the abductions.
The pastor urges the government on steps they can take to solve and help the people of the country. “The Nigerian government has a clear and urgent duty to protect these Middle Belt communities, who have carried the weight of violence for far too long.”
“Rather than play the ostrich and cover up clear terrorism as mere farmer-herder clashes, the Nigerian state has a responsibility to invade the camps of armed marauders who hide under the cloak of herdsmen of whatever ethnicity, and who invade defenceless communities and gleefully massacre unarmed men, women and children.”
US President Donald Trump criticizes the Nigeria government once again after the increase of insecurity over the past few days. The president stated that the government is failing to protect Christian communities from the attacks going on.
“Nigeria is a disgrace. The whole thing is a disgrace,” Trump said. “They’re killing people by the thousands. It’s a genocide, and I’m really angry about it. And we pay, you know, we give a lot of subsidies to Nigeria. We’re going to end up stopping.”
Former Vice President Atiku Abubakar speaks out against the rising insecurity in the country. He urged the government to take action and claimed that it is not too late to declare a state of emergency.
He reacted after another news of abduction of students was announced on the 21st of November.
“How many more lives must be shattered before decisive action is taken? It is not too late for the government to finally declare a state of emergency on insecurity and confront this menace with the urgency it deserves.”
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