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    MarketForces Africa » Economy » Opponents of Tax Reform Enemies of Nigeria — Okupe
    Economy

    Opponents of Tax Reform Enemies of Nigeria — Okupe

    Olu AnisereBy Olu AnisereDecember 26, 2024No Comments3 Mins Read
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    Opponents of Tax Reform Enemies of Nigeria — Okupe
    Doyin Okupe
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    Opponents of Tax Reform Enemies of Nigeria — Okupe

    A former presidential spokesman Dr Doyin Okupe says opponents of the proposed Tax Reform Bills are enemies of the country, saying the bills are pro-poor and pro-development.

    Okupe, in an interview with the Newsmen  in Lagos, said that no right thinking person would stand against the reforms meant to protect the poor and tackle corruption.

    “Any right-thinking human being who has had the opportunity in these last two months or so to listen and to read what the tax reforms are all about and goes against it, is an enemy of the country.

    “We are saying that majority of poor people should not pay tax, how can anybody be against that? “These reform bills are saying that companies that are not making money cannot be taxed arbitrarily. Their taxation will be based on revenue that they have generated and profit that made, not on turnover.

    “And if your turnover is below 50 million, you are exempted, should anyone oppose this? “If these tax bills can be passed, they will also help reduce corruption ,” Okupe, former Director- General of Mr Peter Obi Presidential Campaign Organisation, said.

    On the North opposition to the Tax Reform Bills before the National Assembly, Okupe said that the North had no justifiable reason to oppose the bills.

    He said that Nigeria’s democracy had been based on oil and not on taxation, which he said, was not sustainable, hence the need for a reform

    “Go and look at all countries in the world, the major source of revenue for government is taxation, but we don’t consider tax as an issue because we just take the oil, and then look at what are we going to get in the next 12 months for budget,” he said.

    He said that the First Inland Revenue Service (FIRS) had achieved a lot in the revenue generation in the last one year.

    “Our tax to GDP ratio is one of the lowest in the world, and here is a country that requires immense amount of money and revenue for development.

    “Population is high, land mass is big and huge. Therefore, we need money, and this tax reform is saying, ‘yes, we need money, but we cannot tax people who are already strangulated. Leave those ones alone.

    “There are young people who are making money, who go to clubs and spend N3million, N4 million and so on in a night. Those are the people that need to be taxed, not the man at the door earning N70,000 monthly.

    He faulted the concerns raised about the the timing and the speed of the bills. According to him, whatever is causing economic and financial hemorrhage must be given the speed it requires.

    He said that the tax reform bills would make more states’ internally generated revenue to improve, improving the lots of  the people.

    Okupe, however, called on the President to monitor all revenue- generated agencies to remove corruption and all practices capable of shortchanging the nation.

    He said that with adequate technology in place, the fight against corruption would be won and Nigerians would be free.

    Okupe said that if Customs, Immigration, Nigerian Communications Technology, Nigerian Port Authority (NPA), NIMASA and other revenue -generating agencies  employ emerging technologies, corruption would be fought to a standstill.

    “When these reforms that Bola Tinubu is introducing, when they come on-stream, corruption will go,” he added. #Opponents of Tax Reform Enemies of Nigeria — Okupe#

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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