….Bill Will Benefit Low – Income Earners, Promote Economic Growths – Kogi Revenue Boss
In a bid to sensitize the public about the new proposed tax reform, the Kogi State Ministry of Finance, Budget, and Economic Planning on Monday organized a one-day citizens’ engagement and interactive session on the Tax Reform Bills.
The state Commissioner for Finance, Budget, and Economic Planning, Idris Asiru stated that the initiative aims to foster collaboration between the government and citizens, ensuring that the voices of the people are heard in the formulation of the bills.
He said the purpose of the engagement is to provide a platform for citizens to engage with policymakers, understand the importance of the proposed tax reform, and explore how it can benefit the state.
According to the Commissioner, this demonstrates the government’s commitment to transparency, accountability, and inclusive governance under the administration of governor Usman Ododo.
“Tax reform plays a crucial role in ensuring fair taxation, enhancing revenue generation, and promoting economic growth in our state.
“Tax reforms are not just about numbers; they impact the services we deliver and the future of our economy.”
Asiru however, encourages citizens to participate in the ongoing consultation process, providing feedback and suggestions on the proposed tax reform bills, stating that the collaborative approach will ensure that the final bills reflect the needs and aspirations of the people of Kogi State.
The Chairman of the Kogi State Internal Revenue Service, Sule Enehe explained that the proposed tax reform bills are designed to streamline tax administration, reduce the burden on low-income earners, and promote economic growth.
Enehe said some of the key proposals include exemptions for small businesses, simplification of the VAT regime, and the introduction of a windfall tax on Nigerian banks’ FX profits.
His presentation covered topics such as; An overview of the proposed tax reforms; The importance of tax compliance and its impact on public service delivery; Strategies to enhance public participation in the tax system; Addressing common misconceptions about taxes.
Speaking also at the program, the National Deputy Publicity Secretary of the APC, Hon. Duro Meseko, expressed the party’s solid support for President Bola Tinubu and his economic policies. He emphasized that the President’s reforms would benefit citizens if implemented.
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