Tinubu’s Tax Reform Bill Will Eliminate Double Taxation By Governors – Ohanaeze Chieftain

A chieftain of Ohanaeze Ndigbo, Mazi Okechukwu Isiguzoro has said that the proposed Tax Reforms Bills by President Bola Tinubu will eliminate the scourge of double taxation imposed by some state governors.

Mazi Isiguzoro said that the tax reform bill would also pave the way for an equitable business climate that significantly elevates both local and foreign investment potential.

The Ohanaeze chieftain in a statement signed by him and made available to LEADERSHIP endorsed the proposed bill and urged Ndigbo to endorse the bills adding that after comprehensive evaluation, it became obvious that these tax reforms are not merely legislative proposals.

“The tax reforms represent a transformative opportunity for the rejuvenation of Small Medium Enterprises (SMEs) and the enhancement of the fortunes of Nigerian workers. It will eliminate the scourge of double taxation imposed by unscrupulous state governors.

“The Igbo people, renowned for our entrepreneurial spirit and unwavering commitment to economic self-determination, stand to gain immensely from these reforms. The proposed measures are expected to safeguard the private sector, particularly benefiting the industrious Igbos who play a pivotal role in driving the Nigerian economy through vibrant SME activities.

“In an environment characterized by fairness and transparent regulations, we are confident that the majority of the benefits arising from these tax reforms will bolster our endeavors, facilitating growth and fostering robust business opportunities.

“In light of these compelling advantages, I call on all Southern Federal Lawmakers, both in the Senate and the House of Representatives to unify their efforts in support of President Tinubu’s transformative restructuring program within Nigeria’s economic and fiscal sectors.”

He stated that it has become imperative for the Southern legislators to close ranks, transcending partisan divides, to ensure that the Tax Reforms Bills navigate both chambers of the National Assembly successfully.

“Ndigbo needs to reiterate their unwavering commitment to show solidarity with President Tinubu, as we expect that the Southeast Federal Lawmakers will provide essential backing to these initiatives.

“This collective support is particularly noteworthy as it underscores our strategic alignment with the President following our decision to abstain from nationwide protests in August 2024, a decision made in the spirit of dialogue and cooperation,” he said.