ALO360

You Cannot Tax Your Way Out of Poverty’ — Obi Condemns Tax Implementation Style

‘You Cannot Tax Your Way Out of Poverty’ — Obi Condemns Tax Implementation Style

Former Anambra State governor Peter Obi has criticised Nigeria’s tax implementation approach, warning that imposing heavier burdens on poor citizens would weaken economic growth, social trust, and national unity. In a statement shared on his X account, Obi argued that prosperity cannot come from taxing poverty. Instead, he said taxation should function as a transparent…

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Wike to Bala Mohammed: If you’re clean, go and clear yourself with EFCC

Wike to Bala Mohammed: If you’re clean, go and clear yourself with EFCC

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has rejected claims by Bauchi State Governor Bala Mohammed that the Federal Government is using the Economic and Financial Crimes Commission (EFCC) to target him. Wike reacted after the EFCC arraigned Yakubu Adamu, Bauchi State Commissioner for Finance, on Wednesday. The commission accused Adamu of terrorism…

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FG Insists Tax Reform Key to Reducing Borrowing, Easing Inflation

FG Insists Tax Reform Key to Reducing Borrowing, Easing Inflation

The Federal Government has insisted that effective implementation of the new tax reforms remains critical to reducing Nigeria’s dependence on borrowing and easing inflationary pressures. The position was reiterated by the Budget Office of the Federation amid calls for the suspension of the tax reforms. Critics have raised concerns over alleged discrepancies between the tax…

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