₦airaland Forum

Why economic hardship may worsen if tax reform bill scales through – Ndume
abujapress.comDec 24, 2024 10:50 AMFinancial news subscriptions

Senator Mohammed Ali Ndume, representing Borno South, has once again opposed the proposed tax reform bills under President Bola Ahmed Tinubu’s administration.


In a statement issued on Sunday, Ndume warned that the implementation of these reforms could exacerbate the already severe economic challenges facing Nigerians.Financial news subscriptions

The senior member of the All Progressives Congress (APC) criticized the timing of the reforms, suggesting that it may place additional financial strain on citizens and businesses.

He urged the government to reconsider its approach, emphasizing that the current economic climate may not be conducive to such significant fiscal changes.

Financial news subscriptions
“These reforms may worsen the current economic hardship. I insist that the tax reform bills be withdrawn for broader consultations with critical stakeholders, including state and local governments and the private sector,” Ndume said.

The lawmaker argued that the Federal Inland Revenue Service (FIRS) should focus on expanding the tax net and improving collection efficiency rather than introducing additional taxes.

“The FIRS should concentrate on expanding the tax net and collecting more revenue. Additionally, there must be greater accountability and transparency in the management of public funds,” he stated.


He also called for increased scrutiny of commercial banks, emphasizing that their significant annual profits should translate into higher tax contributions.


Ndume further stressed the need for structural reforms within the government, highlighting the imbalance in Nigeria’s budget allocation.

“Our personnel and overhead expenditure for 2024 accounts for 50 to 60 per cent of the total budget. Yet, as we approach the end of the year, only 20 per cent of the capital budget has been implemented, while recurrent expenditure has been fully exhausted,” Ndume revealed.


He argued that addressing inefficiencies in government operations, rather than imposing additional taxes, would yield better outcomes for the country’s economy.

Rejecting regional stereotypes, Ndume reaffirmed the North’s role as a contributor to national development, countering claims of dependency.

“The North is an asset, not a liability. All states and zones need one another for socio-economic survival and development,” he asserted.

Ndume emphasized the importance of prioritizing and timing reforms correctly to gain public support and ensure their effectiveness.

“Even with reforms, you must prioritize, time them correctly, and secure the buy-in of Nigerians because this is a democracy – government of the people, for the people, and by the people,” he concluded.

(PoliticsNigeria)

If you live in Ogun State your head is not safe

I lured her to my house with the intention of killing her, selling her head and body parts-Suspct
Borntowin2Dec 23, 2024 11:58 PM


Punch reports that Taiwo Yemitan, 45, was arrested by the Ogun State Police Command for reportedly in possession of a fresh human head and the dismembered body parts of a female victim in the Lafenwa neighbourhood of Abeokuta.


Superintendent of Police Omolola Odutola, the police spokesperson, stated that Yemitan was apprehended early Sunday morning at his residence near Atinsola Petrol Station after receiving a tip-off from local security groups, including the Agbekoya and vigilante operatives.

Odutola disclosed that Yemitan confessed to luring the victim, identified as Darasimi, to his home with the intention of murdering her. He further admitted to collaborating with two accomplices, Kehinde Yemitan and another individual identified only as Kazeem, in the crime. The suspects allegedly planned to sell the victim's head and other body parts.

For a post-mortem examination, the dismembered remains have been taken to the General Hospital in Ijaye, Abeokuta. Searches are being conducted to find the victim's relatives and capture the accomplices.


The suspect has been transferred to the State Criminal Investigation Department in Eleweran, Abeokuta, for further inquiries.

Odutola recalled a comparable incident earlier this year involving a suspect, Azeez Adebayo, who admitted to murdering three women he lured through a social media platform. The victims were deceived with promises of money but were ultimately led to their deaths.

The police spokesperson issued a stern warning to young women, advising them to avoid risky behaviors and prioritize their safety. She emphasized the rising cases of women being targeted and killed for ritual purposes, underscoring the need for caution and contentment.

Hear him speak: The suspect admitted to knowing the deceased identified as Darasimi, who he lured to his residence with the intent to kill her. They intended to sell the victim’s head and other body parts”.

From Opera News

Trash as usual from sad waste

Richtaiwo:
Nigeri Republic shouldn't bother searching for base. Bitter people will soon carry out readers and come with good base for them.

Those clowns are ready to go any length in search of information as long as it will tarnishe the image of Nigeria.

Lemme see how one packaged criminal wil be the president of Nigeria.

Yoruba agenda dead on arrival

Islie:
https://guardian.ng/news/tax-reform-bills-kano-zamfara-to-get-increased-vat-allocation-says-senate-leader/

Yes because SW are too greedy to corner everything to the region, If they have carried all southern along no southern would think about voting the North.

DeLaRue:
Another example of decentralisation (indirect restructuring) by this government. Including local government autonomy.

Exactly what Southerners have been asking for over the years.

Yet, some Southerners are clamouring for Mr Atiku in 2027 against a bold Southern president that is doing his best to reduce the concentration of power at the centre.

Only a few days ago, the federal government launched the start of construction of a new airport in Abia.

Yet, some people are hell bent on voting another Northern President so soon after Mr Buhari.

Na wa o.

Don't mind that guy, he doesn't know that the suspect has qualified for leadership position in Yorubaland.

EmperorCaesar:
Angelfrost, dont be hypocritical. Come preach to your brother.

God bless Rufai for standing for the truth

Appeasing their slave master to support him again in 2027

He stated the obvious

Tooreda:
Respond to a charlatan? Never.

You just defined yourself and not me

Dtruthspeaker:
i already see you not doing anything so you are a slave

Asslicking without sense is tantamount to foolishness . Tpain took over when fuel price was N187 if he is not a disaster he should take it back to the price he met it.

blamingthedevil:
Gains of reforms of the Best President
President Bola Tinubu

God Bless Federal Republic of Nigeria

Not everyone is zomb.e Tinubu take over when fuel was 187 naira. Also, fuel was 600 Naira upto September that Dangote started selling fuel suddenly the price jumped to over N1,000. Tell me where the reduction is

Paraman:
Some people no go happy price of fuel is reducing

You Don't need to see me but count me out of your slavery.

Dtruthspeaker:
i do not see you doing anything to stop this evil, so you too are a slave.

It's only slave that make think kind of comment

Dtruthspeaker:
The king is moving so who are you to move?

A criminal will always be a criminal

Empathy is hallmark of a good leader,

Have you cash out of Tinubu’s government?

The Award goes to Tpain

Wonders shall never end. Kettle calling pot black.

Factcheck0001:
God bless u

That's if those our criminal brothers don't go n mess things up there, u wonder y only one region in Nigeria call south Africans xenophobic?

South Africa only told them they don't want drug dealers n human traffickers n suddenly they turned xenophobic

Once u don't allow those criminals to commit crime in your region they start blackmailing u

I wish you what you wish others

helinues:
We have read from different states across Nigeria regions embarking on demolition in other to make way for new projects.

It's the turn of FCT, but this same people who hailed their state governors for embarking on new projects have suddenly became a witch when it time for FG.

Na wings remain for some people to grow before becoming full witch regarding any development and progressive news related to Nigeria

No body that ever Labour to build house will ever encourage demolition for any reason

He pays his taxes in Lagos and wants to know how is his money is being spent, is that too much for you to understand?

JohnnA1:
SHIDIWERE, what network of roads have your governors in Alaigbo built and commissioned?

Face your governors in Igboland and leave South West matters alone!

May God deal with you and Tinubu the way Tinubu is dealing with Nigeria

PressMyButton:
Those wailers who were saying until IPMAN talks, before they believe. Now that IPMAN has spoken, what else?. They will now say until Elon Musk speaks before they believe the PH refinery is producing.


After God, na Tinubu 💪 God bless Nigeria

Chai! They are afraid of thier slavemasters that is why they will rather divert attention that their nightmare " Igbos" instead of facing their slave master.

Beremx:
an Igbo disguising as Yoruba to cause problem between the north and Yoruba people.

You threat make no sense even the regional system you still need their votes before it can succeed

Warrior99:
CORRECT 💯

Even if that bill is passed, Regional Government IS A GO!

I remember last year you guys where deceiving Nigerians with fake Nigeria Airways

LegendHero:
I remember people also said Dangote was selling imported PMS then too.

Let’s give it one more month. We will know who is telling the lie between NNPC and the people criticizing them.

At least old stock cannot be flowing for a full month consistently.

Positivity, how about Nigeria airlines you guys jubilated about? Doesn't that prove that it's only senseless people that believe APC government?

EmperorCaesar:
Nonsense Info from useless negativists



See how he ended his useless epistle of needless and lie-filled info


So, Of all reports to believe, I'd choose to go with this nonsense long talks from an unknown and prolly nonexistent human, who couldnt even support his shitty articles with some videos or pictures

Who believes just any random negative online comment from a nobody in Nov 2024?

Well, lets say his fellow double digits IQ naysayers would believe it

Is this the latest propaganda in town?

Anither563:
Thank you Dr Okupe for this timely and insightful analysis.

May God bless Nigeria for ever!

I made over 200% on that stock within few months after he called it out.

crownprince2017:
I remembered when loco and co they market this multiverse last year, the thing reach like 11, the stuff is going back to the base, know what you are doing in this market..

They don't dumb and waka pass....
Be wary of anything loco is marketing ooooo.

It is not about being parasite, its about doing things right and fair to all. VAT is consumption tax that should be domicile to the state or local government where goods are paid and consumed
but Yoruba government want to divert everything to their states because all the companies head offices are in their region.

Zooposki:
How? You still want to be a parasite?