Senator Mohammed Ali Ndume, representing Borno South, has voiced strong opposition to President Bola Ahmed Tinubu’s proposed tax reform bills, cautioning that their enactment could exacerbate the economic difficulties currently faced by Nigerians. As a senior member of the ruling All Progressives Congress (APC), Ndume’s critique highlights significant apprehensions within the party regarding the timing and potential impact of these reforms.
In a statement released on Sunday, Senator Ndume urged the government to reevaluate its strategy, advocating for broader consultations with key stakeholders, including state and local governments, as well as the private sector. He emphasized that the proposed reforms could intensify the existing economic hardship, insisting on their withdrawal to facilitate more inclusive discussions.
Ndume suggested that the Federal Inland Revenue Service (FIRS) should prioritize expanding the tax base and enhancing collection efficiency instead of imposing additional taxes. He also stressed the importance of accountability and transparency in managing public funds, suggesting that these measures would be more effective in addressing revenue challenges.
Furthermore, the senator called for heightened scrutiny of commercial banks, pointing out that their substantial annual profits should lead to increased tax contributions. He highlighted the disproportionate allocation in Nigeria’s budget, noting that personnel and overhead expenditures account for a significant portion, while only a small fraction of the capital budget has been implemented by year-end.
Ndume argued that addressing inefficiencies within government operations is crucial and would prove more beneficial than introducing new taxes. He also countered regional stereotypes, affirming the North’s significant contribution to national development and underscoring the interdependence of all states and zones for socio-economic progress.
