News

January 10, 2025

Proposed Tax Reform Bill: IYPF urges Igbo businesses to relocate to S-East

Proposed Tax Reform Bill: IYPF urges Igbo businesses to relocate to S-East

The Igbo Youth Progressive Forum, IYPF, has called on Igbo business leaders to take deliberate steps to promote regional empowerment and self-sufficiency in the South-East region.


IYPF, in a statement by its National President, Mr Victor Ukeh, urged business leaders to relocate their corporate headquarters to the South-East region, noting that taxes generated from their businesses will directly benefit the infrastructural, educational, and social development of the region.


The group also called on importers and exporters in the South-East to direct their shipping containers to the Onitsha River Port, rather than distant ports such as Lagos.
This move, the group said is expected to increase local commerce, create jobs, stimulate infrastructure development, and reduce logistical bottlenecks.


Ukeh said: “The time for passivity has passed. The Igbo people are not and will never be second-class citizens in Nigeria. As an industrious people who have excelled in commerce, science, and technology, we must take deliberate actions to shape our economic destiny.


“This realignment of resources and wealth is essential not only to the South-East but to the survival of our cultural heritage and dignity. It is imperative that we create a thriving economic hub in our homeland to rival any other in Africa, and this can only be achieved through collective effort and strategic collaboration.


“It is only through deliberate actions that we can remedy years of neglect and disenfranchisement. We must rewrite the economic narrative of our people, ensuring that Igbo states receive a proportionate share of our contributions to Nigeria’s economy.


“The South-East must now assert itself as an indispensable economic bloc within the Nigerian federation. As we embark on this collective journey, we remain resolute in our determination to uplift Igbo land to unparalleled economic heights. Our strength lies in our unity, creativity, and resilience.


“This is not just a call to action, it is a historic opportunity to shape the future of Igbo land. Together, let us demonstrate to the world that the South-East is a beacon of innovation, prosperity, and progress.”