Hard times await Nigerians – As govs agree on new tax laws – Inflation hits 11.6% – Tribune
November 19, 2009 by Bunmi Awolusi
As the controversy of the Federal Government’s deregulation policy – which the organised labour has vehemently opposed, claiming it will impose more hardships on Nigerians – continues to rage, the 36 state governors have unanimously resolved to tighten the noose around the necks of Nigerians by imposing more taxes.
The indication that Nigerians are to face harsher economic realities is further reinforced by the latest report of the Bureau of National Statistics (BNS) that the surge of inflation in the country is likely to lead to increase in the prices of food and other products.
As a way to shore up their dwindling revenue bases, governors of the 36 states of the federation have agreed on the need to promulgate new tax laws, review existing ones, as well as ensure that they are enforced to reflect the existing realities.
They have also undertaken to create the enabling environment for investments in their various states to encourage investors and increase revenue sources available to their governments.
