- President Bola Ahmed Tinubu’s tax reform bills have received massive support from several Arewa groups
- The President of the Northern Union, Alhaji Adamu Muazu Garuba, said the benefits of the Tax Reform Bills to the North are numerous
- Garuba said Tinubu’s tax reform will lead to increased economic activity, improved living standards, and reduced poverty levels
Northern groups say President Bola Tinubu’s tax reform bills will benefit the region.
Photo credit: Asiwaju Bola Ahmed TinubuSource: Facebook”A simplified tax system will attract investments, create jobs, and stimulate economic growth in the region. This, in turn, will lead to increased economic activity, improved living standards, and reduced poverty levels.”As the North is a significant contributor to Nigeria’s economy, the benefits of the Tax Reform Bills will be felt across the country. The reduction in compliance costs will also ease the burden on taxpayers in the North, enabling them to invest in their businesses and communities.”This will be particularly beneficial for small and medium-sized enterprises (SMEs), which are the backbone of the Northern economy. By reducing the tax burden on SMEs, the Tax Reform Bills will promote entrepreneurship, innovation, and job creation in the region.Northern groups say tax reforms will lead to increase revenue to fund critical infrastructure projects.
Photo credit: Asiwaju Bola Ahmed TinubuSource: Facebook”The increased revenue generated from the reforms will also enable governments in the North to fund critical infrastructure projects and social programs.”This will help to address the region’s developmental challenges, such as inadequate healthcare, education, and transportation infrastructure. By investing in these critical areas, the North will be better equipped to unlock its economic potential and improve the lives of its people.”Tinubu fires back at tax reforms bills critics.
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