The new tax into laws will usher in economic stability and prosperity – Hon Onuigbo
The member representing the South-East on the Governing Board of North East Development Commission (NEDC), Rep Sir Sam Ifeanyichukwu Onuigbo, has expressed confidence that the four new tax bills signed into law by President Bola Ahmed Tinubu, will bring about economic stability and prosperity of the country.
Chief Onuigbo, a former two-term federal lawmaker, in a release, commended President Bola Tinubu for assenting to the bills, stressing that this was the first time the Federal Government took bold steps to harmonise the issue of tax administration and revenue generation.
He pointed out that by this action the President has demonstrated his expertise and experience as an international auditor assuring that it is a journey to the economic prosperity premised in the Renewed Hope Agenda.
“I must have to commend the National Assembly for painstaking working on these four cardinal bills that set a harmonious pedestal for revenue generation and tax administration in th country.
“As a former two-term federal law maker, I believe that this is the first time in the history of this great country that a bold and courageous effort has been taken to give legislative fresh breath to the issues of taxation and revenue generation.
“Next to the fiscal autonomy of the Local Government Councils, President Tinubu has scored another bull’s eye in providing a strong foundation for Nigeria’s economic prosperity and political stability,” he enthused.
The former member that represented Ikwuano/ Umuahia North/ Umuahia South Federal Constituency therefore called on Nigerians to continue supporting the initiatives of President Tinubu initiatives who is taking surefooted steps to address the structural imbalances in the management of the country’s economy.
“Nigerians can now sit back and see that, indeed, a well trained and experienced auditor, President Tinubu knows how to fix the bolts and joints in the economic management of Nigeria.
You may be free to see this wonderful event as the economic independence of the country.
“Again, I must commend President Tinubu and the National Assembly for the collaborative and harmonious relationship that has produced this outstanding success for our great nation, Nigeria.
“Let, me also commend Nigerians for their understanding and cooperation during the course of the extensive consultations that went into the making of these ambitious bills that have become Acts of the National Assembly of Nigeria,” Chief Onuigbo noted.
Recall, the four bills signed into law by Presdent Tinubu included, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, which were passed by the National Assembly.
