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Someone Needs To Remind The Federal Government That A Nation Can’t Be Taxed Out - Business - Nairaland

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Someone Needs To Remind The Federal Government That A Nation Can’t Be Taxed Out by DaBogu: 11:38pm On Jul 30, 2022
Someone needs to remind the Federal Government that a nation can’t be taxed out of poverty neither can it be taxed into prosperity.

Government key responsibility after the protection of lives and properties is to create an enabling environment that allows individuals and businesses to thrive. This will create opportunities for prosperity and help discover national wealth where we never thought they exist.

Nigeria has never had it this bad, many things have fundamentally gone wrong in the past 7 years and it is crystal clear that the current government has neither the capacity or the political will to put the country back on the right trajectory.

The government keeps taxing the poor while the rich rarely pay their taxes. South Africa IGR from Personal Income Tax alone is more than our entire IGR from all taxes combined - CIT, VAT, PIT, WHT, Stamp Duties, Capital Gain Tax and others.

It’s really unfortunate that we are being led by the most incompetent people. Block revenue leakages, cut cost of governance by downsizing government across all tiers and levels, introduce business incentives and tax credits for small businesses, invest in education and prioritize investment in infrastructures that create enabling business environment, pass capital punishment laws to reduce corruption.

Reduce the term in office to two years and allow government to be able to run for 4 terms. We shouldn’t keep an incompetent government in power for 8 years.

More so, Nigeria should not have more senators than the United States of America with 50 states compared to Nigeria with 36 states. One senator per state and two House of Rep members per state is enough. How can we be the poverty capital of the world and be wasteful?

Governance isn’t a rocket science, even if you aren’t competent enough to lead. Invite smart and competent people into the government and let them formulate and implement your policies.

We have been stuck for so long and something needs to change in 2023 if we still want to have a country we can call our home.
Re: Someone Needs To Remind The Federal Government That A Nation Can’t Be Taxed Out by blackboy(m): 11:41pm On Jul 30, 2022
You have spoken wisely but corruption and federalism is killing

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Re: Someone Needs To Remind The Federal Government That A Nation Can’t Be Taxed Out by DaBogu: 7:56am On Jul 31, 2022
wink
blackboy:
You have spoken wisely but corruption and federalism is killing
Re: Someone Needs To Remind The Federal Government That A Nation Can’t Be Taxed Out by rant19ade: 11:07am On Jul 31, 2022
I agree with everything except the two years per term part.
If you are conducting elections every two years in a country like Nigeria, the cost will be too much and that's also part of what you trying to avoid.
Re: Someone Needs To Remind The Federal Government That A Nation Can’t Be Taxed Out by QuinModah(f): 11:34am On Jul 15, 2023
wink

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