Nigerians To Pay More Taxes, Tariffs – FG

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigerians will pay more taxes.

She said this has been captured in the medium term as proposed in the Finance Bill 2021.

The minister disclosed this Monday during a public hearing on the bill organised by the House of Representatives Committee on Finance.

She said: “While these issues may require modest increases in taxes and tariffs on certain businesses, sectors, industries and individuals over the medium term, this administration remains committed to continuous dialogue and engagement with all stakeholders and interest groups.”

Mrs Ahmed said Nigeria must diversify its revenues from oil to fund critical expenditures.

She said Nigeria also requires more fiscal reforms.

However, while some experts said it was wrong to increase taxes at this critical time, others said there was nothing wrong in collecting taxes from the right quarters.

They said the most important thing was for governments at all levels to account for what they collected in form of taxes and levies through providing critical infrastructure and services to the people.

-DailyTrust