Ohanaeze backs Tinubu's controversial tax reform bill

Apex Igbo sociocultural organization, Ohanaeze Ndigbo, has thrown its weight behind President Bola Ahmed Tinubu 's controversial tax reform bills, saying its position followed in -depth analysis of the bills.                                

Secretary - General of Ohanaeze Ndigbo worldwide, Mazi Okechukwu Isiguzoro, who made the position known in an electronic statement sent to Fresh Angle International this afternoon, Sunday December 1, said the Igbo people, renowned for their entrepreneurship spirit and unwavering commitment to economic self - determination, stand to gain immensely from the reforms.                                  

The statement, emphasized: " In an emphatic affirmation of progress and economic empowerment, Ohanaeze Ndigbo, the Igbo apex socio-cultural organization representing the Igbo nation, hereby announces its steadfast endorsement of President Bola Ahmed Tinubu's proposed Tax Reforms Bills. This endorsement comes after rigorous reviews, exhaustive consultations with an array of stakeholders, and an in-depth analysis of the bills' implications for the Nigerian economic landscape.

"Our comprehensive evaluation has led us to the resolute conclusion that these tax reforms are not merely legislative proposals; they represent a transformative opportunity for the rejuvenation of Small Medium Enterprises (SMEs) and the enhancement of the fortunes of Nigerian workers. By eliminating the scourge of double taxation imposed by unscrupulous state governors, these reforms will pave the way for an equitable business climate that significantly elevates both local and foreign investment potential.

"The Igbo people, renowned for our entrepreneurial spirit and unwavering commitment to economic self-determination, stand to gain immensely from these reforms. The proposed measures are expected to safeguard the private sector, particularly benefiting the industrious Igbos who play a pivotal role in driving the Nigerian economy through vibrant SME activities. In an environment characterized by fairness and transparent regulations, we are confident that the majority of the benefits arising from these tax reforms will bolster our( Igbo) endeavors, facilitating growth and fostering robust business opportunities.

"In light of these compelling advantages, Ohanaeze Ndigbo ardently calls upon all Southern Federal Lawmakers(Senators & House of Reps Members)—both in the Senate and the House of Representatives—to unify their efforts in support of President Tinubu's transformative restructuring program within Nigeria's economic and fiscal sectors. It is imperative that our Southern Senators and House Of Representatives members close ranks, transcending partisan divides, to ensure that the Tax Reforms Bills navigate both chambers of the National Assembly successfully.

"We wish to reiterate our unwavering commitment to show solidarity with President Tinubu, as we expect that the Southeast Federal Lawmakers will provide essential backing to these initiatives. This collective support is particularly noteworthy as it underscores our strategic alignment with the President following our decision to abstain from nationwide protests in August 2024, a decision made in the spirit of dialogue and cooperation.

"It is disheartening to observe the substantial opposition that has emerged from certain quarters  within Northern Nigeria regarding these critical reforms. There is palpable concern that Northern governors are mobilizing their forces to stifle the progression of the Tax Reforms Bills within the National Assembly, relying on their numerical predominance to assert undue influence. This orchestrated opposition appears driven by a desire to perpetuate the current VAT derivation principles that unjustly favor select interests at the expense of equitable national growth.

"The implications of such maneuvers are profound. If the Northern political elites succeed in thwarting President Tinubu's initiatives, it could set a dangerous precedent, fostering a climate of resistance against meaningful reform. This scenario poses a tangible threat not only to the President's agenda but also to the broader economic aspirations of millions of Nigerians who yearn for a reformed and equitable system.

" It cannot be overlooked that a successful passage of the Tax Reforms Bills could have far-reaching consequences for President Tinubu's administration, potentially inciting a politically motivated backlash in the 2027 electoral landscape. It is essential that we, as a nation, confront these challenges decisively, fostering a collaborative spirit to advance our collective interests rather than allowing parochial motivations to derail our progress.

"Ohanaeze Ndigbo urges all stakeholders, including lawmakers, business actors, and citizens, to unite in support of these pivotal Tax Reforms Bills. The promise of a prosperous and just Nigeria is within our reach, but it demands our collective resolve to advocate for transparency, equity, and sustainable economic growth. Together, let us champion an agenda that uplifts all Nigerians and ensures that our legislative processes reflect the aspirations of a nation committed to progress and integrity."

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