Tax reform: We must be ready for innovation, improvement – Odu’a investment chair

…backs Tinubu’s tax reform bill

By Ismail Azeez

The Chairman of Odu’a Investment Company Limited, Otunba Bimbo Ashiru, has said there is need for Nigerians to be open to reforms and innovation especially in the area of tax reform.

Ashiru disclosed this at the NewsDirect 14th Anniversary and Awards ceremony held in Lagos yesterday.

He said that it is important for the citizens to consider the interest of the country first.

He stated that apart from drive growth and development in Nigeria, tax reform will also create a more equitable system where everyone contributes their fair share.

He noted that the country cannot continue to rely on old systems and methods.

According to him, “I think there is a lot of misinformation about this tax reform, if you listen to Oyedele he actually explained this thing in detail, but people must look at the interest of the country first, not their own individual interest.

“I don’t see anything wrong in the tax reform. It is normal that there can be some trick here and there, but what they are saying is clear, it shows that there is need to reform our tax system so that some people will not be paying more.

“It’s clear issue that even for those people that are earning low they shouldn’t be paying tax, it happen that you are giving tax holidays.

“There are areas we need to sit down and look at it and agree. There is a town hall meeting that its ongoing people will now express what they want and they believe, what they don’t believe in.

“There is need for us to reform our taxation. We cannot continue in the old we must improve, we must progress as a country.

“People are hostile with the changes, but things must change the way it’s, we must be ready for reforms, innovation, things must improve.”