Aregbesola: We must tax rich Nigerians mercilessly

- There are possibilities that taxation may henceforth hit hard on rich Nigerians

- This was the position of the minister of interior, Rauf Aregbesola, on Monday, December 16

- Aregbesola said that this is the federal government's move to help the majority of Nigerians out of poverty

The minister of interior, Rauf Aregbesola, has said that tax from the upper class must be used to alleviate poverty in Nigeria.

Aregbesola said that for the federal government to achieve this, the rich in the country must be taxed mercilessly because they are very comfortable and privileged.

The minister made this remark at the 70th birthday of former governor of Oyo, Abiola Ajimobi, The Cable reports.

He said: "The problem is the poor and they are in the majority. And the point is if the rich failed to address this problem, the comfort of the rich will be taken away, so they must release much of their money to help the poor.

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“We must mercilessly tax the rich, if we are to cure the problem of poverty. We have two contending forces, the poor and the privileged rich."

Meanwhile, Legit.ng reported that in the financial bill recently passed by the National Assembly, all bank customers must come with evidence of tax payment.

The bill was submitted to lawmakers alongside the 2020 budget presented by President Muhammadu Buhari.

The aim was to enhance financial operations in Nigeria and checkmate issues related to tax, The Nation reports. The bill states that banks will require Tax Identification Number (TIN) from anyone who intends to open accounts with them while pre-existing customers will also have to provide the TIN before carrying out transactions.

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Source: Legit.ng