{"id":17989,"date":"2024-02-01T15:42:41","date_gmt":"2024-02-01T15:42:41","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=17989"},"modified":"2024-02-01T15:42:41","modified_gmt":"2024-02-01T15:42:41","slug":"nigerians-to-face-over-200-unofficial-taxes-in-tax-reform-oyedele","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/02\/01\/nigerians-to-face-over-200-unofficial-taxes-in-tax-reform-oyedele\/","title":{"rendered":"Nigerians to Face Over 200 Unofficial Taxes in Tax Reform &#8211; Oyedele"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-rmzml-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-rmzml-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-111\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"d69ab2f7-2120-4708-ac16-1741203202af\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<p>The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that Nigerians are paying over 200 unofficial taxes.<\/p>\n<p>Oyedele said this at BusinessDay\u2019s Africa Trade Summit and Investment Summit themed: \u201cReimagining Economic Growth in Africa\u201d on Thursday.<\/p>\n<p>The tax reform committee chairman noted that his committee plans to increase the tax-to-GDP ratio from 10% to 18% in the next two to three years without introducing new taxes.<\/p>\n<p>He said: \u201cWe are harmonizing the number of taxes officially 60, unofficially over 200 across all levels of government combined.\u201d<\/p>\n<p>Oyedele also said the committee plans to modernize and mend some laws to be in line with modern trends and for a more efficient tax system, while reiterating that the government is working towards making Nigeria the most preferred country in Africa for retirement, creative economy, technology research and development.<\/p>\n<p>He said: \u201cWe want to be the preferred location in Africa and a competitive one globally. We want companies to start putting their headquarters here so that the C-suite will be here spending their money and booming our economy. \u201cAnd also, the preferred land for technology, research and development, energy transition, retirement, business outsourcing, and creative economy.\u201d<\/p>\n<p>According to him, the committee is working towards efficient fiscal governance, revenue transformation, and facilitating inclusive economic growth and competitiveness.<\/p>\n<p>He added that the committee plans to build a spending framework, stressing the need for the country to reprioritize. \u201cIf we have 130 million people in poverty that do not have access to education, health, and clean water then we shouldn\u2019t build international worship centres when we have no schools, or build airports in states where we have no roads from the farms to the market,\u201d he said.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that Nigerians are paying over 200 unofficial taxes. Oyedele said this at BusinessDay\u2019s Africa Trade Summit and Investment Summit themed: \u201cReimagining Economic Growth in Africa\u201d on Thursday. The tax reform committee chairman noted that his committee plans to increase the [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":17990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177,173],"tags":[630],"class_list":["post-17989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-abuja-reports","category-business","tag-tax-reform"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/17989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=17989"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/17989\/revisions"}],"predecessor-version":[{"id":17994,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/17989\/revisions\/17994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/17990"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=17989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=17989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=17989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}