Rivers State Governor, Siminalayi Fubara, has assured that his administration will not overburden residents and businesses with excessive taxes and levies.
Speaking at the 156th Joint Tax Board Meeting in Port Harcourt on Wednesday, themed 'Opportunities and Strategies for Improved Taxation of High Net-Worth Individuals in Nigeria,' Fubara emphasised the need to maximise tax collection across sectors to bolster state capacity for public services and development. He noted that efficient tax systems would help mitigate the impact of Nigeria's struggling economy and high inflation on state governments.
' He added: 'In Rivers State, our approach is not to impose more taxes on our people but to broaden our tax base without increasing the rates, which has enabled us to generate more internal revenues, as evident in the increasing collection figures on a month-by-month basis. 'Apart from keeping us above water, we are responsibly using the much-improved tax collections to fund critical infrastructure, including roads, schools, security, and healthcare across the state.
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