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Tax Reforms, Will Bring Prospeeity-Presidency
Special Adviser to the President on Public Communication and Orientation, Chief Sunday Dare have explained that President Bola Tinubu is determined to promote prosperity by protecting the vulnerable, while eliminating unnecessary financial strain on citizens and ensuring a more efficient revenue collection process.
Dare, in an opinion piece, titled “Tinubu’s People-Centric Tax Reforms and Ndume’s Threat“asserted that President Tinubu meant well for Nigerians as he encouraged people to study the bills and to mobilise support for them to be passed by the National Assembly.
He wrote that “The President’s vision and clear mandate is evident in what the Fiscal policy and tax reforms Committee delivered as recommendations to the government, and became a part of the Economic Stabilisation Bills (ESB) approved by the Federal Executive Council in September, as part of the Accelerated Stability and Advancement Plan (ASAP) of the government.
According to him, “It was in furtherance to a realisation of these objectives that President Bola Tinubu sent a letter to the two chambers of the National Assembly, requesting for the approval of four tax reform bills, which are: “The Nigeria Revenue Service (Establishment) Bill”, “The Nigeria Tax Bill”, “The Nigeria Tax Administration Bill,” and “The Joint Revenue Board (Establishment) Bill.”
He said “These Bills seek to provide a consolidated fiscal framework for taxation in Nigeria, a clear and concise legal framework for the fair, consistent and efficient administration of all the tax laws to facilitate ease of tax compliance, reduce tax disputes and optimize revenue, among others.
Dare urged people to familarise themselves with “What is driving the reforms and the proposals that have been laid out, which include consolidating the different ‘nuisance taxes’ taxes and levies, which some have put at 62 official and 200 unofficial taxes into a streamlined system of 8 taxes to eliminate unnecessary financial strain on citizens while ensuring a more efficient revenue collection process.
“The committee is also pushing for a constitutional amendment to limit the total number of taxes on individuals and businesses to a single-digit. The objective, it says, to provide greater financial stability and predictability for taxpayers, fostering a more conducive business environment. Apart from that are the amendments to the withholding tax regulation, with businesses earning below 50 million Naira exempted from this tax, to provide relief for small companies and reduce the tax burden on emerging enterprises to engender growth of SMES, which play a central role in providing employment and the development of the econo
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FRSC Corps Marshal Beseeches Traditional Rulers To Support Campaign Against Road Traffic Crashes
Joel Ajayi
In his efforts to enhance road safety across all roads in Nigeria, the Corps Marshal, Federal Road Safety Corps, Shehu Mohammed has emphasised the importance of collaboration with various stakeholders, especially traditional institutions.
He made the emphasis in the course of his end of the year traffic monitoring on the nation’s highways when he visited His Imperial Majesty Oba (Dr) Ajibade Gbadegesin Ogunoye III, the Olowo of Owo and Paramount Ruler of Owo Kingdom in Ondo State today 22 December, 2024.
The monitoring commenced from Abuja _Lokoja expressway through Obajana to Owo, Ondo State to ascertain the traffic situation on critical corridors. He solicited the support of the traditional ruler due to the strategic positioning of Owo town being a critical corridor that links South West to South South and North Central geopolitical zones of the country.
He believes that the influence and authority of traditional leaders within their communities are instrumental in promoting road safety awareness and encouraging compliance with traffic regulations.
By engaging traditional institutions, FRSC aims to leverage the respect and trust traditional leaders command to disseminate information about safe road practices, the dangers of speeding, and the necessity of vehicle maintenance.
This strategic partnership is part of a broader initiative by the FRSC to reduce road traffic crashes and fatalities. By involving traditional rulers, the Corps seeks to create a more inclusive approach to road safety, recognizing that community-driven efforts can significantly complement governmental policies and enforcement measures.
In addition to collaborating with traditional leaders, Corps Marshal Shehu Mohammed also called for the active participation of commuters and transport unions in preventing road crashes. He emphasised that passengers should speak out against reckless driving and that transport unions must lead by example in preventing overloading and alcohol/drug-impaired driving.
FRSC will continue to engage in public enlightenment campaigns, conduct research on road safety, and implement measures aimed at creating a safer motoring environment in Nigeria. The collaboration with traditional rulers is a testament to the Corps’ commitment to involving all segments of society in the quest for safer roads.
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