Politics
Saraki Urges Review Of Nigeria’s Tax Laws
The President of the Senate, Dr Abubakar Bukola Saraki, has called for the urgent review of the nation’s tax laws, to achieve a more efficient and productive tax regime.
Saraki gave the advice on Wednesday while inaugurating the Technical Committee on Reforming Nigeria’s Tax System at the National Assembly, Abuja.
He said the Federal Government’s target should not only be that of increased revenue, but how to evolve a tax system that would be efficient.
According to a statement by his Chief Press Secretary, Mr Sanni Onogu, Saraki said Nigeria should adopt a productive tax system, to grow her economy.
He also lamented the existing duplications in the current tax regime and called on the committee to harmonise the various tax instruments in the country.
“It is not just to increase revenue alone; I think it is also to address how efficient and the level of harmonisation of taxes across board, particularly as we operate a three tier system of government.
“One of the difficulties or frustration you find from business people is where they have to pay similar taxes at the local, state and federal levels.
“This at the long run makes business unproductive. I hope that at the end of the day you should have an approach that will bring in a system that is efficient.
“A system that reduces all these barricades and the different challenges on the ease of doing business,” he said.
He also called for the expansion of the technical committee to include major players in the private sector.
According to him, “It is better to engage and get their input rather than giving them directives during the implementation of the expected reforms.”
“We need to engage them rather than just giving them directives. I think there is need for the committee to expand its membership to include stakeholders from the private sector,” he stated.
Leader of the Technical Committee and Director-General of the National Institute of Legislative Studies (NILS), Prof. Ladi Hamalai, said the outcome of the committee’s assignment would ease payment of taxes.
“The expected report and pieces of legislation from the work of this Technical Committee will harmonise the various disparate legislations.
“It would also facilitate the ease of paying taxes in the country and at the same time, impact on the overall ease of doing business,” Hamalai said.
Members of the committee include representatives of the Federal Inland Revenue Service (FIRS) and Manufacturers Association of Nigeria (MAN).
Others are Nigerian Association of Chambers of Commerce and Industry, Mines and Agriculture (NACCIMA) and state commissioners of finance.
Politics
LP Crisis: Ex-NWC Member Dumps Dumps Abure Faction
Mr Ojukwu, who recently returned to the interim National Working Committee led by Senator Esther Nenadi Usman, noted that the party had 34 elected members in the House of Representatives, eight Senators, and 80 members at the state Houses of Assembly after the 2023 general elections.
“Now we lost all of them,” he said. “I don’t think we have as many as five members in the National Assembly.”
The former national officer of the LP talked to journalists in Abuja and said he chose to join the caretaker committee led by Senator Nenadi-Usman because they are now the officially recognized leaders of the Party.
“I chose to work with the caretaker committee to help save the Labour Party, for the benefit of the party. I also want to use this chance to ask my colleagues at the national, state, and local government levels to come together and help rebuild our party.
“Another election is around the corner. We lost everything we have. They have left to other political parties. So I’ll reach out to all my friends in the other group to get together and work on making this party stronger again.
“The caretaker committee has formed a reconciliation committee. Let’s come together and talk so that we can restore the first opposition political party in Nigeria.”
Mr Ojukwu, who was part of the Julius Abure’s group, said there are no more factions in the LP.
He added, “There is a court ruling, and since it is valid, the right people are in the correct positions.”
He urged Barr Abure and others to drop the legal cases they have filed because they are not helping the party.
“Litigations are killing political parties”, he said. “They’ve seen many political parties disappear because of legal battles, and the Labor Party is losing support every day, which makes me feel sad.”
Mr Ojukwu said he did not think joining the Senator Nenadi-Usman’s NWC was a betrayal of the Abure group, describing himself as “the oxygen” of that faction.
“I’m with this group because of the verdict. But I never betrayed anybody. Rather, I was betrayed,” he added.
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