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  • Welcome
  • Special reports
    • All
    • Unedited for the record
    Group alleges corruption, nepotism, others, calls for immediate sack of NMDPRA Boss

    Group alleges corruption, nepotism, others, calls for immediate sack of NMDPRA Boss

    SNAPSHOTS OF ACHIEVEMENTS

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    IPOB calls for review, says Kanya court ruling confirms Kanu’s trial lack legal foundation

    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    Experts hail new HIV injection breakthrough ,decry high cost

    Experts hail new HIV injection breakthrough ,decry high cost

  • Metro News
    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Wike launch operation to flush street beggars, one- chance syndicate, others in FCT

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Teachers, health workers strike,others: Wike gets fresh ultimatum from FCT workers

    Abuja braces for two-week without water as rehabilitation works commence

    Abuja braces for two-week without water as rehabilitation works commence

    Ground rent: FCTA to take ownership of 4,794 revoked properties from Monday

    Ground rent: FCTA to take ownership of 4,794 revoked properties from Monday

  • Latest News
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    • Crime watch
    Veteran coach Van Gaal recounts cancer cure jurney, says “It was all bad then”

    Veteran coach Van Gaal recounts cancer cure jurney, says “It was all bad then”

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

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    NSITF, NLC fight over Abuja land dispute

    Anambra guber: Obi presents Moghalu as LP candidate, reaffirms he will contest the 2027 presidency

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    NELFUND begins disbursement of students upkeep

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    Trending Tags

  • Infotech
    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

    MTN denies orchestrating poor network to influence FG, labour talk, apologizes for network fluctuations

    MTN shuns Labour-FG committee on tariff review, hike data tariff by 200%

    Disconnections not to frustrate ₦EndBadGovernance Protest-Telcos

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  • World conflict & diplomacy
    UK prime minister back US military strikes on Iran ‘s nuclear sites

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    Israel bombs Iran’s heavy water reactor, says state television

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    Female suicide bomber kills 24, injure  scores in Borno community

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    Tinubu govt assures farmers of security support against bandits, killer herdsmen

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Tax reform bills: Tinubu won’t undermine democracy; reforms long overdue, says minister

Daily Intel Newspaper by Daily Intel Newspaper
December 7, 2024
Tax reform bills: Tinubu won’t undermine democracy; reforms long overdue, says minister

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Amidst the uproar and controversy surrounding the tax reform bills, the Minister of Information and National Orientation, Mohammed Idris, said President Bola Tinubu’s decision was not to undermine democracy.

Mr Idris said this while giving an address at the Nigerian Institute of Public Relations (NIPR) 2024 Annual Public Lecture/AGM and Awards on Saturday in Kaduna.

The event, organised by the state chapter of NIPR, had the theme “Tax Reform: The Role of Public Relations In Fostering Constructive Dialogue For National Economic Renaissance”.

He said, “Even with our keenness for fundamental reforms of Nigeria’s tax system, Tinubu’s administration will never do anything to undermine the ideals of participatory democracy.

“Tinubu has always upheld the interest of all Nigerians wherever they are in this reform agenda that he has embarked upon.”

He said that worldwide, effective taxation was a source of financial power for the government to provide social services to its citizens.

Mr Idris emphasised that the nation’s tax administration system was long overdue for reforms on account of design and implementation flows.

He, therefore, said the ongoing review of the country’s tax laws was timely and crucial, especially as part of a larger state of macroeconomic reforms aimed at setting the country on an irreversible path of growth and development.

Mr Idris said Mr Tinubu has made it clear that the executive would listen to and work with all the stakeholders to ensure all concerns are addressed.

The minister said that as the president continues to implement a physical reform agenda for the country that would divulge more resources to the Nigerian states, citizens’ engagement will continue to take place.

Mr Idris restated his commitment to deploying innovative and comprehensive mechanisms to provide the public with insights and enlightened information that would foster trust and confidence in the reform narratives.

The minister commended Nigerians for expressing their opinions on the tax reform, which is of critical national importance, adding that it displayed what democracy should be.

He also commended  NIPR for providing a platform for Nigerians to engage and deliberate on the issues that concern them.

Governor Uba Sani said his administration has taken measures to make Kaduna State an investment destination, boosting the economy and creating more jobs.

The executive chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, said the tax reforms were to streamline the nation’s fiscal framework and improve operational efficiency.

Mr Adedeji, who doubles as the chairman of the Presidential Fiscal Policy and Tax Reform Committee, said the federal government’s introduction of the reforms seeks to correct structural imbalances.

He said, ”This is particularly an over-dependence on oil revenues, which has resulted in fiscal challenges, encouraged corruption, stirred regional tensions, and fostered an inefficient rentier economy amid soaring debts.”

Mr Adedeji, represented by Kehinde Kajesomo, the FIRS deputy director, emphasised that the bills would collectively improve Nigeria’s revenue profile and make the business environment more conducive and internationally competitive, transforming the tax system to support sustainable development.

(NAN)

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