Tax laws won’t hurt poor Nigerians — Ex-Senate Leader,

 FORMER Senate Leader, Senator Teslim Folarin, yesterday, urged Nigerians to remain calm, well-informed and supportive of the tax reforms introduced by President Bola Tinubu, stressing that the measures were not targeted at the poor but  designed to strengthen Nigeria’s revenue base and promote sustainable national development.

Senator Folarin clarified this while touring Irepo/Olorunsogo/Orelope Federal Constituency and the Atisbo/Saki West/Saki East Federal Constituencies.

He explained that the new tax laws were not intended to impose additional hardship on ordinary Nigerians.

He said: “The reforms are aimed at improving efficiency within the tax system, blocking revenue leakages and reducing Nigeria’s long-standing overdependence on oil revenue.

“Nigeria’s tax-to-GDP ratio remains among the lowest in the world, a situation that significantly constrains the government’s ability to adequately fund critical sectors such as infrastructure, healthcare, education and security without resorting to excessive borrowing.

“Low-income earners remain protected through existing income thresholds and statutory exemptions, while greater tax responsibility will fall on higher-income earners, large corporations and sectors with weak compliance records.”

Ardo  Zubairu 
National Secretary 
TInubu Re- Election Project 2027 . Office Phones: 
08033305195
08098885195
07033454053

Follow this link to join  https://chat.whatsapp.com/GGyI5S8pxi78dcZ3fKciGB

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