Tax Reform Bills Will Make Lagos Rich? Presidency Finally Opens Up
- The presidency has responded to critics of the Tax Reform Bills, who claimed that the legislation would impoverish certain parts of the country
- Bayo Onanuga, President Bola Tinubu's spokesperson, in a statement, maintained that the bill was not meant to make Lagos and Rivers outshine other states as claimed
- According to the presidency, the tax reform bills are meant for the benefit of all Nigerians, irrespective of their regions and states
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The presidency has rejected claims that the Tax Reform Bills will disproportionately benefit Lagos or Rivers states while impoverishing the North.
In a statement, Bayo Onanuga, the president's special adviser on information and strategy, described these insinuations as reckless and misleading.
According to Onanuga, the bills aim to improve the quality of life for all Nigerians, particularly the disadvantaged, rather than destroy the economy of any region. The residency emphasized that the tax reform bills are designed to be transformative and will not favour one section of the country over another.
Source: Twitter
Onanuga hits critics of tax reform bills
According to Vanguard, Onanuga noted that many reactions to the bills are not grounded in facts or reality, with some commentators attempting to incite people against lawmakers or polarize different regions against each other.
In recent weeks, the tax reform bills have been the subject of public debate, with various political actors and commentators sharing their opinions. However, the Presidency maintains that the bills will not negatively impact any section of the country. Instead, they aim to enhance the quality of life for all Nigerians, especially those disadvantaged.
The tax reform bills have been controversial, with some governors and stakeholders expressing concerns that they are unfair to all regions. However, the Presidency is adamant that the bills are designed to benefit all Nigerians, regardless of their region or background.
Highlights of tax reform bills
Legit.ng earlier reported that Tinubu's administration released 13 highlights of the president's tax reform bills, which were earlier sent to the national assembly.
The presidency argued that the current tax system is overly complex and stifles growth, resulting in low revenue. Sunday Dare, the president's special adviser on public communication and orientation, stated that the tax reform will help promote sustainable economic growth.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
Source: Legit.ng
