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Shehu Sani Backs Tax Reform Bill And Calls for Fairer VAT Distribution
Shehu Sani has called for support for the proposed Tax Reform Bill, citing the urgent need to address the current inequities in Nigeria’s tax system.
In a post on his X handle, Sani reacted to a recent revelation by the Chairman of the Federal Inland Revenue Service (FIRS) before the House of Representatives.
According to the FIRS Chairman, 70% of the Value Added Tax (VAT) revenue is generated by just four states: Lagos, Rivers, Oyo, and the Federal Capital Territory (FCT).
Sani mentioned the disparity in VAT distribution, using the example of MTN, which pays most of its VAT in Lagos despite providing services across all states.
He described the situation as unjust and argued that the Tax Reform Bill is a necessary step toward ensuring fairness and equity in resource allocation.
He urged critics of the Bill to set aside political biases and carefully examine the document, stressing that many of the concerns raised against it are unfounded.
The Tax Reform Bill aims to restructure Nigeria’s tax system, ensuring a more balanced distribution of resources among states.
Nigerian businessman Isaac Fayose has spoken about what he considers one of the country’s biggest problems, stating that many Nigerians are worried about government taxation, insecurity, and the increasing rate of kidnappings for ransom.
He lamented the situation and criticized the government, arguing that these issues have become deeply rooted and that there appears to be no lasting solution in sight.
According to him “In Nigeria we have two governments. One is collecting tax, the other one is collecting ransom. Both of them have one thing in common which is to make life difficult for their people.
The one that is collecting tax without doing anything will come and share you rice and semolina. The one that is collecting ransom is doing giveaway on social media.”
It was reported that bandits were seen in Kwara State and abducted six residents from Rukpete Village.
The incident was reported to have occurred on June 8 at about 11 p.m.
Sources revealed that seven people were initially taken, but an elderly man was later released, leaving six victims in captivity.
The rising cases of insecurity in the country remain quite alarming.
The state of the country is affecting many people, as they believe nowhere is safe, including schools where they keep their children.
It has been reported that some parents have started withdrawing their children from schools in Abuja.
It can be noted that rumours of bandits being sighted near a school triggered panic, causing parents to hurriedly remove their children for safety.
While the reports of bandits have not been confirmed, the school has also issued safety measures to ensure the protection of students within the premises.
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