Nyesom Wike, Minister of the Federal Capital Territory, urges Nigerians to pay taxes to aid government funding for crucial development and services. Speaking at the Abuja Business and Investment Summit, Wike emphasized how the event’s theme, ‘Optimising Investment Through Partnerships’, supports the Federal Government’s collaborative investment approach. He stressed the importance of tax compliance, dispelling the notion that the government doesn’t require funds. Illustrating failed private sector partnerships, Wike noted the necessity to ensure investments yield returns for both the government and investors. The government plans to reorganize the tax system, targeting high earners for more contributions. Source
What are your thoughts on the proposed tax system reorganization? How can citizens ensure their taxes are used effectively?
