News

August 25, 2016

Only 10 million Nigerians pay tax — Review c’ttee

taxation symbol

By Emma Ujah, Abuja Bureau Chief

ABUJA— Only 10 million Nigerians pay tax, the National Tax Policy (NTP) document review committee has revealed.

Speaking at a stakeholders’forum, in Abuja, yesterday, a member of the committee, Mr. Taiwo Oyedele, said there was need for all taxable adults, institutions or companies to pay their taxes to boost the nation’s revenue.taxes

He called for high consumption taxes as most Nigerians had high taste and appetite for expensive items, especially expensive cars, private jets.

Oyedele said insufficient information, lack of accountability, lack of clarity, lack of skilled manpower and inadequate funding, use of force and aggressiveness, as well as obsolete laws were inhibiting tax administration in the country.

The tax expert, therefore, called for a good tax policy that would ease payment of tax.

In his remarks, chairman of the committee, Dr. Abiola Sanni, said implementation of tax laws required political will at the highest level of government, while stressing the need for a review of obsolete tax laws.

In United States of America, he observed that candidates seeking elective positions clearly made tax and revenue campaign issues.

According to him, “we are considering having a revised document that is slim and concise. A document which will impose duties and responsibilities on all organs of government, relevant agencies and persons. We seek to fashion a document to which tax laws and their administering will conform in all ramifications.

“We envision a document that will eventually give a new lease of life to, and inspire far-reaching reform of the Nigerian tax system in terms of structure, number of taxes, administration, and meeting our taxation objectives within the context of the peculiar Nigerian environment.”