“Nigeria as a poor country with potential to be wealthy”

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By Adurayemi Aladejuni

Chairman of Presidential Committee on Fiscal Policy and Tax Reforms was on Channel’s Television Policy , a talks about the comparison with some countries and cities , the federal government budget and that of the state are small.

The Federal Government has faced criticisms over what some described as over-taxation. Kenya’s recent protests over tax laws introduced into the country have further reignited conversations among several by n Nigerians.

But, the Chairman has ruled out the introduction of more tax, saying that cannot solve Nigeria’s revenue challenge.

‘We do think that having fewer taxes are broad-based, easy to collect, and do not place a burden on the bottom of the ladder of society is the way to go. And by using data, intelligence, and technology, we can close the tax gap so that people who have not been paying before begin to pay – who have been identified as people who should be paying – and the poor people should be legitimately exempted, particularly nano, micro businesses and low-income earners, said The President Chairman, Taiwo Oyedele.

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