Tax reforms necessary to address contemporary issues - Reps' panel - Blueprint Newspapers Limited
The House of Representatives Committee on Youths in Parliament, Monday, stated that review of the nation’s tax laws has become necessary to address contemporary challenges in fiscal policies.
Chairman of the committee, Ayodeji Alao-Akala, stated this Monday at the National Youth Dialogue on the Tax Reforms bills currently being considered by the National Assembly.
Alao-Akala said young people, particularly those engaged in Micro, Small, and Medium Enterprises (MSMEs), are among the most affected by taxation policies.
“If we get it right with the youth, we get it right with the country,” he, said while urging young Nigerians to contribute meaningful ideas to the bill.
He stressed that most low-income earners in Nigeria are youths, struggling to start businesses, rent homes, or make financial progress, adding that the proposed tax reforms aim to ease this burden by ensuring fairer policies that support entrepreneurship.
While declaring, the public hearing open, Speaker of the House, Tajudeen Abbas assured the various youth groups that their input will be factored in the review of the proposals ahead of passage.