Taiwo Babalola

When GEJ was deciding on his list of govt appointees. He charged his team to look for Nigerians all over the world doing great things. That's how people like Joe Abah got appointments. These people were actually on LinkedIn looking for the best of us. Result: 6% YoY GDP growth.

I did warn the government of Nigeria that it’s easy to announce tax for poor citizens, but the problem is how to enforce it. They will keep extending the date, no matter how much they pay your twitter financial experts to ‘educate’ you on the need to file returns. The whole idea of this new tax regime was to widen the net so those in the informal sector (e.g artisans, laborers, vulcanizers etc) can pay. And I asked how do you keep track of what is supposed to be their taxable income? No one gave a reasonable explanation. Even the ones earning digitally, there’s a concept of tax withholding if you earn in certain countries. Nigeria doesn’t have tax treaty for possible waivers. Double taxation will frustrate you. At the end of the day, you people and government will do WWE until they probably scrap this idea. Good luck everyone.

President Tinubu Seeks Senate Approval for $5 Billion Loan

I have been warning loudly about the tax issue long before the fraud behind it became public. Some of us run multiple online platforms where we engage daily with business owners and entrepreneurs. I can tell you, without exaggeration, how much poorer people have become because of widespread poverty in the country. To show the bad faith behind this tax law, powers were quietly inserted that effectively create a police-like tax enforcement unit, granting tax authorities coercive powers to arrest, detain, and prosecute citizens. Beyond that, they gave themselves excessive powers to seal, seize, and confiscate property for failure to pay taxes. I do not think Nigerians understand what we are up against until it begins to happen to them directly. I have remained consistent on this issue, and I will not pretend surprise when the consequences arrive. We must resist not just the implementation but even the suspension of this fraudulent tax law. If this law is allowed to stand, the poverty we see today, the insecurity we experience now, and the inflation crushing people will look mild compared to what is coming. You cannot tax poverty anywhere in the world. You do not do that. Many Nigerians are barely scratching the surface. Nigerians must wake up, resist this inhumane law, and demand accountability. Those who abused the constitution to grant themselves unchecked executive powers must be investigated and prosecuted.