Taiwo Oyedele feels that the nation does not need to raise taxes to raise money, and he has suggested a tax exemption for the poor and vulnerable.
This was stated by the chairman of the Presidential Taskforce on Fiscal Policy and Tax Reforms Committee on Politics Today on Channels Television.
He said,
He also spotlighted how truckers usually have to suffer paying multiple taxes in one single trip.
Suliyat Ibrahim, a trader who sells bread under Mile 2, said,
This comes after thousands of mostly young demonstrators took to the streets across Kenya on Thursday to protest tax hikes, blow whistles, and chant slogans in a vivid show of anger against the government.
Police in the capital, Nairobi, fired tear gas and water cannons against groups of protesters near parliament, but apart from isolated scuffles earlier in the day, the action dubbed “Occupy Parliament” remained mostly peaceful.
TimesNow.com.ng reported that the federal government may have started a plan to stop paying import tariffs on medications, core foods, and other necessities for six months. This move is likely an attempt to control inflation.
This was stated in the “Inflation Reduction and Price Stability (Fiscal Policy Measures) Order 2024,” an executive order that the president is anticipated to issue.
According to Punch, the paper was intended to be signed by the President in April but was missing his signature.
Source: TimesNow.com.ng
