Connect with us

News

Parliamentary Monitoring Group backs Tinubu’s Tax Reform Bills, calls for speedy passage

Published

on

As the debates for and against the proposed Tax Reform Bills continue to heat up, a pro-democracy organisation, known as Parliamentary Monitoring Group (PMG), has assured Nigerians that President Bola Ahmed Tinubu meant well for all segments of the country, and that the Bills were designed to rescue the country from economic quagmire.

Dr. Adebayor Lion Ogorry, President of PMG in a statement on Monday, called on both chambers of the National Assembly to give the Tax Reform Bills speedy passage, as it is a matter of urgent national importance.

Recall that President Tinubu recently proposed four Bills seeking to reform the taxation system and tax administration in Nigeria.

The Bills – the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill and the Joint Revenue Board Establishment Bill, are currently before the National Assembly as executive Bills.

Advertisement

They stemmed from the recommendations of the Taiwo Oyedele-led Presidential Committee on Tax and Fiscal Policy Reform, inaugurated in August 2023 by Tinubu.

The Tajudeen Abbas-led House, subsequently organised an interactive hearing involving stakeholders on tax matters on Monday.

Objectives of the four Bills could be summarised as, effectively coordinating federal, state, and local tax authorities, thereby eliminating the overlapping responsibilities, confusion, and inefficiency that have plagued tax administration in Nigeria for years.

But hardly had the Bills been presented, than they started receiving oppositions, with some stakeholders tagging it as anti-north, while the National Executive Council, made up of the 36 state Governors and presided over by Vice President Kashim Shettima, at its meeting on Thursday, advised President Tinubu to withdraw the Bills.

Advertisement

But reacting on Sunday, Dr. Ogorry urged President Tinubu not to be distracted in his quest to lift Nigerians out of reformatory hardships, calling on National Assembly to consider the four Bills as their own contribution towards revamping the nation’s ailing economy.

“We know it’s a very difficult time for every Nigerian, but the people in authority must stand up and be counted as partners in nation building and economic rejuvenation. The President must not be distracted, he must remain focused in his quest to liberate Nigerians from the economic quagmire. Members of National Assembly should not listen to any distractions. They should give these Bills accelerated passage. There’s no other matter of urgent national importance like the state of our economy and anything done to salvage it, is not only commendable, it’s godly”, he said.

The statement further alleged that, some cabals benefiting from the agelong faulty tax system in Nigeria were responsible for selling the “anti-north dummy, just to raise oppositions against the Bills from the region, knowing fully well that the Northerners have the numbers. But they also forgot to note that, for everyone elected into National Assembly, there must be some levels of experience, either in public or private sector. They have constituents too and they interact with them always. Even if some didn’t have Nigeria’s experience of corrupt taxation, maybe because they lived abroad, they might have had their own dosages of wrong treatments while preparing for tax clearances to run for their current office.

“What Nigerians need to know is that, some of the Bills will transfer tax collection functions from existing agencies such as the Nigeria Customs Service and the Nigeria Upstream Regulatory Commission, to a new National Revenue Service that will collect taxes at local government, state, and national levels; while Federal Inland Revenue Service and Joint Tax Board will be renamed and restructured, in line with the mandate of the Act, after presidential assent.

Advertisement

“You see why some people who have been enjoying the rots going on in these agencies and their collaborators will do everything possible, to ensure that status is maintained. But we at the Parliamentary Monitoring Group are currently studying the situation and we shall not hesitate to come out and tell Nigerians the whole truth about the opposition of these Bills. No single Nigerian is greater than all Nigerians. Economic hardship is like a rain, when it happens, it doesn’t exclude the roof of your neighbours”.

The PMG said that President Tinubu was on the right track to reposition Nigeria amongst the economic viable nations and anyone who stands on his way to achieving this onerous task, is the greatest enemy of Nigeria.

The group affirmed that the Presidential Tax Committee recommended the Tax Reform Bills and if allowed to scale through and implemented, they tendencies to reposition the economy for better productivity and efficiency and make the operating environment for investment and businesses more conducive.

On the general principles of the Bills, Dr. Ogorry said, “The bills propose lowering income taxes for low-income earners and completely eliminating them for those in the minimum wage bracket.

Advertisement

“It will reduce companies’ income tax from 30 per cent to 25 per cent and give tax relief for loss-making companies. The bills also seek to eliminate so-called nuisance taxes, streamline tax heads, make tax administration modern, simple, adaptive, and become a growth enabler”.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

How soldiers damaged my house for doing my job – ECTDA Chair, Hon. Uche Anya

Published

on

The Chairman of the Enugu Capital Territory Development Authority, ECTDA, Rt. Hon. Uche Anya has narrated how soldiers from 82 Division of the Nigeria Army invaded his residence by 2.30am and destroyed his residence for carrying out a town planning regulation on an army property in Enugu.

According to Anya, the soldiers who some of them were on mufti, in the wee hours of Sunday morning, invaded his residence with armoured personnel carriers, forcefully jumped into his compound and destroyed most parts of his house and abducted him.

His offence, he explained, was that he demolished a fence that was being made round an army property at GRA area of the Coal City, which the army did not obtain approval plan and permit from his office before embarking on the construction.

“We pleaded with them that we are from the ECTDA and needed to see their approved plan and permit but they asked me to call the General Officer Commanding (GOC) 82 Division, Enugu.

Advertisement

“We insisted on seeing their approval, which they did not provide, leading to our stopping them from working and marking the place with ‘Stop Work’ notice immediately.”

He said that he thereafter reached out to the GOC and informed him about what transpired, but that the army said that they were trying to secure their land.

“I told him that under our law, once a development is taking place in the capital territory, there must be permission. So, three days later, in the course of our routine work, we discovered that they had wiped out our stop work order and proceeded with the work. We rolled down our equipment and pulled down the fence because they reneged on our agreement,” Anya narrated.

The Capital Territory Chairman said that two hours later, he started noticing strange movement around his street, with some people taking photographs.

Advertisement

“So, around 2:30a.m, two Armoured Personnel Carriers (APCs) arrived on my street. Some people in mufti with guns jumped into my compound and I was seeing them through my CCTV. They tried to break into the house but it took them almost 90 minutes to break in through the kitchen.”

When our correspondent visited Anya’s residence, there was a total smash of most properties in the house starting from the gate to the entrance door and windows, television sets, CCTV cameras and so many other things were in complete ruin.

Continue Reading

News

Ooni’s Ex- Wife, Naomi, 7 Others, In Trouble As 35 Kids Killed In Oyo Stampede

Published

on

The Oyo State Police Command has confirmed the arrest of Prophetess Naomi Silekunola, the estranged wife of the Ooni of Ife, Oba Adeyeye Ogunwusi, and seven others for the Christmas party tragedy in Ibadan, Oyo State.

The police also in a statement by SP Osifeso Adewale, added that 35 children had been confirmed dead so far with six others critically

Recall that Agidigbo FM, a prominent private radio station, disclaimed involvement in the ill-fated children’s festive party that tragically resulted in multiple deaths on Wednesday morning in Ibadan, Oyo State capital.

SaharaReporters earlier broke the news about how tragedy struck on Wednesday morning at the Islamic High School in Bashorun, Ibadan when a stampede occurred during a children’s Christmas party.

Advertisement

The station’s management clarified they were not sponsors or organisers of the event, contrary to initial reports. It identified the organiser as WINGS (Women In Need Of Guidance and Support), whose founder is Queen Naomi Silekunola Ogunwusi, the ex-wife of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi.

Eyewitnesses report that many children were trampled in the chaos, with several others injured.

Meanwhile the police statement said, “Sequel to the stampede incident recorded on Wednesday 18/12/2024 at the Islamic High School, Basorun, Ibadan venue of the family event Organized by Wings Foundation and Media partners Agidigbo FM, the Oyo State Police Command wishes to inform the good people of the State that (8) Persons have since been arrested for their various involvements.

“These persons include the main event sponsor, Prophetess Naomi Silekunola ’f’ age 31yrs, Fasasi Abdulahi, ’m’ age 56yrs (School Principal Islamic High School, Ibadan), Genesis Christopher, ’m’ age 24yrs, Tanimowo Moruf,’m’ age 52yrs, Anisolaja Olabode, ‘m’ age 42yrs, Idowu Ibrahim, ‘m’ age 35yrs and Abiola Oluwatimilehin, ’m’ age 25yrs.

Advertisement

“So far (35) Thirty-Five Minors have been documented Dead while (6) Six others are critically injured and on various Medical Interventions.

“In furtherance of the above, the case has since been transferred to the Homicide Section of the State Criminal Investigation Department, Iyaganku with the Deputy Commissioner of Police in charge leading the investigations.

“So also, residents around the axis are advised not to panic as they would witness high level patrols and visible Police presence to prevent hoodlums from taking advantage of the unfortunate situation.

“Finally, the Oyo State Police Command sympathizes with all the families and loved ones affected by the tragedy and assures the good people of the State that Justice will be served accordingly.”

Advertisement
Continue Reading

News

Rashford leaving Man United could bring him to form-Keane

Published

on

Roy Keane believes leaving Manchester United could do Marcus Rashford the “world of good” as he fears the forward will never regain his hunger at Old Trafford.

Rashford’s future appears to be in the balance after the 27-year-old, a product of United’s youth system, was left out of the Manchester derby.

United won 2-1 at Manchester City on Sunday, with Rashford telling journalist Henry Winter on Tuesday that he was “ready for a new challenge and the next steps”.

“I don’t mind what he said. I think it’s spot on,” former United captain Keane told the Stick to Football podcast.

Advertisement

“Sometimes a deal just works for everybody. It’s been going on for a year or two now, there’s obviously a bit of talent in there, he’s been at the club since he was a kid.

A change would probably do him the world of good, for him and his team and his family. Just go and play, maybe go abroad or whatever it might be.”

Rashford’s current contract at Old Trafford runs until 2028 and although he has been linked to several other clubs, United manager Ruben Amorim is keen for the England forward to stay.

But Keane said: “I always think if you lose that hunger, it is hard to get it back.

Advertisement

“Forget about the few bob (pounds) he’s earned over the years — and listen, good for him — but we know, the great players, it’s nothing to do with that.”

Keane added that leaving United could revive Rashford’s “real hunger” for on-field success.

“I think there’s a good chance he might get it back with a change of a club and scenery, a new country, a new league, whatever, but I don’t think he’ll get it back at United.”

Amorim, talking to reporters ahead of Thursday’s League Cup quarter-final at Tottenham, urged Rashford to “speak with the manager” rather than air his grievances publicly.

Advertisement

Rashford has scored 138 goals in 426 appearances for the club since making his senior debut in 2016.

However, he has lost form over the last 18 months with United and was also axed from England’s Euro 2024 squad.

Rashford has scored just 15 goals in 67 appearances since signing a lucrative new contract 18 months ago, with speculation over his future increasing in recent days.

The forward, who was absent from training on Monday through illness, is set to miss the League Cup quarter-final at Spurs.

Advertisement

Amorim is keen to keep Rashford but he admitted he would have handled the situation differently when he was a player.

“If this was me, probably I will speak with the manager,” he told reporters on Wednesday. “But, guys, let’s focus on Tottenham. Tottenham is the most important thing.”

Continue Reading

Trending

Copyright © 2024 Naija Blitz News