Senator Jimoh Ibrahim, representing Ondo South, advocates for taxing wealthy Nigerians to bolster the nation's revenue and address economic challenges, following global practices during economic downturns.
Senator representing Ondo South Senatorial district, Jimoh Ibrahim has said rich Nigerians should be made to pay taxes. He said the government should begin to tax luxury. According to him, it’s a global practice that when an economic crisis hits a nation, the government directs its policies towards making the rich citizens pay heavy taxes for the nation to come out of its economic quagmire. Senator Ibrahim stated this on Tuesday while briefing Senate Press Corps after plenary on Tuesday.
He said it would be the first time that the nation would tax net worth citizens, adding that adequate taxing of economic net worth Nigerians was a means of shoring up the nation's revenue base. “My worry is that the rich in Nigeria are not paying enough taxes in order to be a good jolly fellow with the poor. 'In other countries, taxes are paid on transactions. The rich need to pay more taxes and one of the areas where our economic gap can be covered is when we address those lacuna.
Jimoh Ibrahim Taxation Wealthy Nigerians Economic Crisis Revenue Boost
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