Senator Ndume rejects tax Increment warns it will worsen economic hardship for Nigerians.
Senator Ali Ndume representing Borno South in the National Assembly, Mohammed Ali Ndume, on Wednesday, aligned with leaders of Northern extraction in opposing plans by the Federal Government to review the tax regime of the country upward.Ndume, in a statement in Abuja, said the Federal Government must get things right first, expand sources of income for Nigerians and ensure that the people are living and not surviving, before review the taxes upward.
The former Leader of the Senate said the middle class of the country is gradually fading, as they are being squeezed out by the high inflation.
“This tax they’re talking about, we are almost losing the middle class in Nigeria.Senator Ali Ndume has voiced his opposition to the proposed tax increases in Nigeria, arguing that the measures could further strain Nigerians’ financial well-being. Ndume believes that raising taxes would worsen poverty levels, particularly given the existing economic pressures on citizens.
He contends that any tax increment could hinder economic growth, reduce disposable income, and impose additional burdens on households already grappling with high costs of living. Instead, Ndume suggests that the government explore alternative revenue sources that do not disproportionately affect the average citizenIt is either you have it or you do not have it.
Those that are in the middle are being squeezed out. If Nigerians can pay for those taxes, it is okay.
“But in the current situation, increasing taxes is not an alternative at all. I will not support any increase in tax.“Let us get things right first. Let people start living and not survive. Let people have extra income, and then you can tax them.
I like to use an example of common sense. Allow Nigerians to have enough blood in their body before you start asking for donation,” Ndume stated.He said the managers of the economy want to make President Bola Ahmed Tinubu look bad before Nigerians by proposing any increase in tax.
He called on the Minister of Finance, Wales Edun, the Federal Inland Revenue Service (FIRS), and other managers to stop misleading President Tinubu.Ndume, who recently appreciated President Tinubu for his de-dollarisation policy, said:
“The poverty is too much is in the north. Let us be frank about that. So, you want to increase taxes again? Tax those people who can afford it. Those who can afford the taxes in Nigeria, I do not want to be particular about it, are not even paying the taxes.
These big companies do not even declare their income, not to talk of getting the appropriate taxes.“I am one of those opposing that tax bill in the National Assembly.
I am not going to support it. In fact, I am going to start campaigning against the increase in tax for now because it does not only affect the north but the average Nigerian.“I am not saying people should not pay tax, but do not go and tax people that barely struggling to survive.
You are paying somebody N70,000 as a minimum wage, and all of a sudden, the price of fuel went up to N1,000. It means that if you put the arithmetic together, you see that you would have continued paying me the N30,000 and allow the litre of fuel to be N100.“It is like giving you with one hand and taking it with the other hand.
Let the tax authority focus on those who are supposed to pay tax. For example, in Abuja, if you go round, there are a lot of properties in there that are not paying taxes.
Fortunately, you have Nyesom Wike who stands up to do something about it.“People are not paying property taxes. These banks, for example, are making tons and tons of money, and they are not paying taxes.
And they are collecting taxes. If you transfer money, they are collecting taxes. If you receive money, they are collecting taxes. And they declare profits. Go and check their taxes. Now you want to squeeze somebody who is barely trying to survive because they are many.
“You need to start from somewhere that is acceptable. I, at one time, proposed a bill for communication and phone owners to pay tax. It didn’t see the light of the day.“You are talking about Abuja here. Many people do not have access to mobile phones.
Anybody who can access a phone should be able to pay tax.” .Senator Ndume is standing strong against the proposed tax increment in Nigeria, emphasizing that it will only serve to further impoverish the citizens [no specific source available].
This stance is likely rooted in concerns about the economic well-being of Nigerians, who may already be struggling to make ends meet.
In situations like this, policymakers must carefully weigh the potential benefits of tax increases against the potential burdens on citizens.
Key considerations include:-
_Economic growth_: Will the tax revenue be invested in initiatives that stimulate economic growth and benefit the broader population.
_Social welfare_: Are there safeguards in place to protect vulnerable populations from the increased