Despite economic hardship, the Nigerian government has announced a plan to tax more Nigerians and Businesses.
This plan is part of the government’s Economic Stabilisation Bills, which the Federal Executive Council approved on Monday.
The Chairman of the Presidential Committee on Fiscal Policy Tax Reforms, Taiwo Oyedele disclosed this in a statement on his official X account.
According to him, the initiative termed “Tax Identification Consolidation and Collaboration (TICC)” will help increase Nigeria’s tax base and widen revenue.
He noted that the plan is part of the 15 different tax, fiscal, and establishment laws to facilitate economic stability and set the country on the path for sustained inclusive growth.
He added that the Economic Stabilisation Bills have been sent to the National Assembly for approval.
“Introduction of ‘Tax Identification Consolidation and Collaboration (TICC)’ initiative to expand the tax base, widen the tax net, and create a level playing field for businesses”, he stated.
