January 09, (THEWILL) — The Deputy Chief Whip of the Nigerian Senate and Senator representing Ebonyi North Senatorial Zone, Onyekachi Peter Nwebonyi, has urged Nigerians to support the new tax system of President Bola Ahmed Bola Tinubu.
Senator Nwebonyi made the call during an interview with journalists while inspecting the ongoing 7-kilometre Unuezeka-Udomoke road.
Nwebonyi, who explained trying to prove a point that constituency projects are desirable and sustainable, called on every patriotic Nigerian to back the new tax system.
“So it goes without saying that by 1st of January 2026, the act is deemed to have come into effect. And I must tell you, every patriotic Nigerian should support that act. Because one thing is so special about the act, it shifted the tax burden from the poor and placed it towards the bourgeoisie.
“That is one thing I love so much about that act. Moreover, by that act, all the federated states are put under pressure to stimulate more economic activities in their states. Because the amount of VAT you get is dependent on the level of economic activities in your state.
He said that gone were the days when states relax and at the end of the month, they get proceeds from VAT, “So gone are the days where you realise that at the end of the month you get VAT. Yes, you get VAT, but it’s the more you work, the more you eat”, he stated.
While urging Nigerians not to politicise, he described President Bola Ahmed Tinubu as a seasoned economist who has taken a proactive step to revamp the economy.
“So Nigerians should jettison politics and support this wonder of the President. This is one of the steps President Tinubu has taken that has made me describe him as a man who thinks outside the box. The population of the country is on the increase.
“For example, being a family man, your budget when you have three children should change to your budget when you have seven children. So you should expand your income because the expenditure has increased. Over the years, we’ve had presidents who cannot plan for tomorrow.
“But Tinubu, being a man and an economist who thinks outside the box, is making provision to expand the tax base. By expanding the tax base of the federation, you’re expanding the economic base of the country. We’re getting richer, and we’re touching more lives.”
Sunday Ogbu is a professional journalist with eight - twelve years experience that had worked with various print and online media. Sunday specializes in news reporting with the aim of educating his readers on current social, political and economic occurences within his area of coverage. Sunday is a strong force to work with in the media industry and uses his positive attitude and tireless energy to encourage others to work hard and succeed. Sunday is inspired daily by his wife and their four children. In his free time, Sunday likes sight-seeing, reading and discussing issues of societal interest.
