By Boluwaji Obahopo, Lokoja

In an effort to inform the public about the proposed tax reform, the Kogi State Ministry of Finance, Budget, and Economic Planning organized a one-day citizens’ engagement and interactive session on the Tax Reform Bills on Monday.

The state Commissioner for Finance, Budget, and Economic Planning, Idris Asiru, emphasized that the initiative was designed to foster collaboration between the government and citizens, ensuring their voices are heard during the formulation of the bills.

“The purpose of this 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,” Asiru said. He further assured that the initiative reflects the government’s commitment to transparency, accountability, and inclusive governance under Governor Usman Ododo’s administration.

Asiru stated, “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.”

The Commissioner encouraged citizens to participate in the ongoing consultation process, offering feedback and suggestions to ensure the final bills align with the needs and aspirations of Kogi State’s residents.

Sule Enehe, Chairman of the Kogi State Internal Revenue Service, explained that the proposed tax reform bills are designed to streamline tax administration, ease the burden on low-income earners, and stimulate economic growth.

Enehe highlighted some key proposals, including exemptions for small businesses, simplification of the VAT regime, and the introduction of a windfall tax on Nigerian banks’ FX profits. He also discussed topics such as the importance of tax compliance, its impact on public service delivery, strategies to enhance public participation in the tax system, and addressing common misconceptions about taxes.

At the event, Hon. Duro Meseko, National Deputy Publicity Secretary of the APC, expressed the party’s full support for President Bola Tinubu and his economic policies. He emphasized that the President’s reforms, if implemented, would benefit citizens.