Reasons why President Muhammadu Buhari decide to exempt some Nigerians from paying their tax has been revealed
Laolu Akande, Media aide to Vice President of the country, Prof Yemi Osinbajo on Friday disclosed these reasons in an interview with TV reporters on Channels monitored by OAU VOICES.
Akande revealed that among those people president Buhari exempted from paying tax are small scale businessmen and minimum age earners.
Akande said, “Those are the big resources, if you look at the budget this year we are trying to do a lot so as to get people into the taxation grip so that we don’t have to increase taxes as it is. As a matter of fact, if you look at the finance bill very well, you would see what we have done in line with the President’s philosophy to take care of the average man as regards taxes.
“If you are earning minimum wage you don’t have to pay any income tax, if you have a business that is making less than N10,000,000 you don’t pay any income tax. So we are trying to take care of regular and majority of our people.”
Akande added that the solar power project is targeted at creating more Jobs which inturn will provide more money for about 25 million Nigerians.
“Take the Solar Power Naija for example, we are planning to install 5 million solar installments that will touch about 25 million Nigerians, so this will involve a lot of manufacturing and assembling of the solar components, people that will handle installments, maintenance, work in the area, etc. Thousands of jobs will be created from this program alone.”
Akande noted some state governors could not pay salary of workers before president Buhari administration, adding that the president make it possible by giving all kinds of bailouts to state and local government.
Akande added that one of the president Buhari led-government priorities is diversification of the economy through job creation and agriculture.
“There’s a lot going on in agriculture. A lot is going on in communication and other sectors,” he explained.