- He stressed the need for tax reforms, warning that Nigeria cannot afford to maintain ineffective practices
Senate President Godswill Akpabio has revealed that fewer than 30% of Nigerians pay taxes to the Federal Government, despite widespread expectations for high-quality infrastructure, education, and security.
Akpabio disclosed this on Monday while opening a public hearing on tax reform bills submitted to the National Assembly by President Bola Tinubu on 3 October 2024.
He stressed the need for tax reforms, warning that Nigeria cannot afford to maintain ineffective practices. He also pledged stronger legislative oversight to ensure prudent use of public resources once the bills are passed.
“The public hearing should be used to think of a better Nigeria,” Akpabio said. “I am tired of social media. Most leaders in this country never saw the content of the bills before attacking the process.”
He urged Nigerians to engage actively in the legislative process and avoid misinformation on social media.
The hearing was attended by key officials, including Finance Minister Wale Edun, Attorney-General Lateef Fagbemi (SAN), Federal Inland Revenue Service Chairman Zacch Adedeji, and Nigeria Customs Service Comptroller-General.
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