Ohanaeze Ndigbo backs Tinubu’s tax reforms, warns North on illicit gains

Ohanaeze Ndigbo, an Igbo sociocultural organization, has stated that it fully supports President Bola Tinubu‘s proposed tax reforms, stating that they are in the best interests of the Igbo people.

After carefully examining the proposed tax reforms and consulting with relevant parties, the group announced its support for them in a statement released on Sunday by its Secretary General, Okechukwu Isiguzoro.

Ohanaeze Ndigbo claims that the reforms will improve the circumstances of Nigerian workers, revitalize SMEs, and eradicate the evil of double taxation.

The group also voiced concerns about the hostility toward the proposed reforms, claiming in particular that the Northern region is anxious about forfeiting illegal gains in the event that the National Assembly approves the law.

“In an emphatic affirmation of progress and economic empowerment, Ohanaeze Ndigbo, the Igbo apex socio-cultural organization representing the Igbo nation, hereby announces its steadfast endorsement of President Bola Ahmed Tinubu’s proposed Tax Reforms Bills.

“This endorsement comes after rigorous reviews, exhaustive consultations with an array of stakeholders, and an in-depth analysis of the bills’ implications for the Nigerian economic landscape.

“Our comprehensive evaluation has led us to the resolute conclusion that these tax reforms are not merely legislative proposals; they represent a transformative opportunity for the rejuvenation of Small Medium Enterprises (SMEs) and the enhancement of the fortunes of Nigerian workers.

“By eliminating the scourge of double taxation imposed by unscrupulous state governors, these reforms will pave the way for an equitable business climate that significantly elevates both local and foreign investment potential.

“The Igbo people, renowned for our entrepreneurial spirit and unwavering commitment to economic self-determination, stand to gain immensely from these reforms. The proposed measures are expected to safeguard the private sector, particularly benefiting the industrious Igbos who play a pivotal role in driving the Nigerian economy through vibrant SME activities.