Tinubu directs FG to ease tax burden on small businesses — Oyedele

Nigerian economist, accountant, and public policy expert Taiwo Oyedele has revealed that President Bola Ahmed Tinubu has directed the Federal Government to ease the tax burden on small businesses and stop policies that worsen poverty.

Oyedele, who chairs the Presidential Committee on Fiscal Policy and Tax Reforms, made the disclosure during a Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) town hall meeting with artisans and traders in Abuja.

According to him, the President has instructed that all stakeholders must work together to ensure the success of nano, micro, small, and medium-sized enterprises, rather than stifling them with multiple taxes.

“You cannot build a society where businesses are not allowed to breathe,” Oyedele said. “The secret to the success of any society is enabling its 35 million nano, micro, small, and medium businesses to grow. Supporting MSMEs positively is essential because that is the real Nigeria.”

He added that the President has also ordered an end to taxing poverty, capital, and seed, urging instead that government policies should support investment and business growth so that small enterprises can thrive.

“The President directed that we should stop taxing poverty, capital, and seed. We should invest with the people so that the seed can turn into fruit,” he said.

Oyedele noted that most businesses in Nigeria operate at the nano level, expressing optimism that many could grow into billion-naira enterprises annually if given the right support.

He also acknowledged growing public concerns about tax reforms, attributing them to misinformation. “There is a lot of negative misinformation about tax reform. Instead of excitement

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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