Gov. Sanwolu urges FG to Explore Innovation to Increase Tax Base

Oluwasegun SanusiMay 16, 20241 Mins read188

Source: @Mr_JAGs

Lagos State Governor Babajide Sanwo-Olu has urged the Nigerian government to explore innovative methods to expand the country’s tax base.

At the 26th Annual Tax Conference organised by the Chartered Institute of Taxation of Nigeria in Abuja, Governor Sanwo-Olu emphasised the importance of transparency and accountability in the tax system to enhance voluntary compliance among citizens.

Represented by his aide on taxation and revenue, Abdul-Kabir Opeyemi Ogungbo, Sanwo-Olu, highlighted the crucial role taxes play in fueling public services and infrastructural development.

He commended the government’s recent efforts to streamline state-level taxes and integrate the growing remote workforce into the tax net.

The governor stressed the need for taxpayers to witness tangible outcomes from their contributions, emphasising that taxes are investments in Nigeria’s future.

He urged citizens to view tax payments not as a burden but as a means to build a better nation for current and future generations.

Recall that President Bola Tinubu recently suspended the implementation of a 0.5 per cent Cybersecurity Levy proposed by the National Security Adviser, Nuhu Ribadu, to help fund the National Security Fund. This comes after a wave of reactions from citizens and stakeholders alike.

They described it as an attempt to add to the burdens already faced by citizens due to the removal of fuel subsidies and inflation.

Source: Peoples Gazzete

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