The Presidential Committee on Fiscal Policy and Tax Reform will ensure that tax payment and use are beneficial to Nigerians as well as make the right people pay tax.
‘’The committee will not tax everything and everyone but those that can pay the tax in order to protect the vulnerable citizens. Not having enough revenue means lack of proper infrastructure development in the country. ‘’The payment of the tax will encourage the translation of revenue to better service to the citizens because it means raising of revenue and where it will come from, such as removing multiplicity of taxes.
To address the challenges of multiple tax payment, he said that all tiers of government are involved to make it a national policy, adding that all stakeholders agreed to have coordination in tax administration. ‘’IMF provide services like health care, roads and economic development so that Nigeria can generate its own revenues without depending solely on borrowings to finance essential projects like healthcare, rural roads, water, security among others,’’ he said.
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