Tax Reforms Will Grow Nigeria’s Budget Fivefold — Speaker Abbas
Speaker of the House of Representatives, Tajudeen Abbas, says President Bola Tinubu’s tax reforms will dramatically expand Nigeria’s revenue base, projecting that the national budget could grow to five times its current size within the next two years. Abbas made the remarks in Abuja during “An Evening with 004,” an informal youth engagement organised by the Office of the National Youth Leader of the All Progressives Congress (APC). According to a statement by his Chief Press Secretary, Leke Baiyewu, the Speaker said the Federal Government’s ongoing efforts to block revenue leakages and strengthen tax compliance will allow for more robust funding of critical projects and services. “One thing I want you to go home with is that Mr President and the National Assembly have crossed a major hurdle that has been bedevilling our budgets — paucity of revenue,” Abbas told […]