President Ahmed Tinubu has been called upon to make the difference by way of tax harmonisation in order to promote investment nationwide.
Speaking recently at the 11th annual general meeting of the Federal Inland Revenue Cooperative Society Limited in Abuja, the president, Dr Gadzama Mamuda, urged the federal government not to tinker with multiple taxation policy of the previous administrations which has brought businesses in the country to their knees.
Gadzama lamented that rather than encouraging individuals and corporate organisations expand their businesses thereby promoting investment and employment, most people who could not cope have folded up only to relocate to neighbouring countries.
He stated that, to calibrate investment and give hope to the hopeless, the new administration should cut down on multiple taxation.
While commending President Tinubu for the bold step taken on fuel subsidy regime, he said the president should investigate those behind Nigeria’s economic woes and bring them to book to serve as deterrent to others.
He also commended government for the recent directive to the effect that approval for any payment to Ministries, Departments and Agencies (MDAs) must be obtained from the Central Bank of Nigeria (CBN) unlike in the past when such payments were made through mere phone calls.
Gadzama, fondly called ‘Mr Project’ by fellow cooperative society members, attributed his success in the last two years in office to the support his team enjoys from members, saying: “The last few years have been wonderful because we are transparent and truthful in the running of the association.”
According to him, the present administration has embarked on mass housing scheme for staff members in FCT, Abuja and other states of the federal such as Enugu, Port Harcourt, Kano Jos. In the area of loan matters, he disclosed that all outstanding loan arrears have been settled while new ones are being processed within 30 working days.
He assured members that the upgrading of the cooperative accounting is in progress.
