Evidence Show That Tinubu’s Tax Policy Is Progressive – Oshiomhole

Adams Oshiomhole

Senator Adams Oshiomhole has defended President Bola Tinubu’s newly enacted tax policy. He recently had his say while speaking on Channels Television’s Politics Today, and Nigerians have been reacting.

According to him, the evidence on the ground shows that the policy reflects the core values of a progressive government by shifting the tax burden away from low-income earners to the wealthy.

Oshiomhole concluded by faulting Nigerians who object to VAT payments locally while paying similar taxes abroad.

His words, “The facts on the ground show that President Tinubu’s tax policy is consistent with the values of a progressive government.

This is a progressive tax policy that places a higher burden on those who earn more while offering tax exemptions to those who earn less.

It is only in Nigeria that people talk about government using money or claim that government earns money on its own. Governments do not earn money; citizens earn income, and the government taxes those earnings—whether individual or corporate. The sum of these taxes determines the annual revenue of the state.

There is no worker who is a member of the Nigeria Labour Congress earning N1 million a month, which totals N12 million a year. So, for salary earners, this tax policy is progressive.

Everywhere in the world, when you buy non-food items, you pay VAT. Nigerians pay VAT in America, London, Dubai, yet they resist paying VAT here in Nigeria.”

WOW.