By Michael Agbaji
Senator representing Edo South in and a chieftain of the Labour Party(LP) Neda Imasuen has Applauds president Bola Tinubu for take bold step in economy reform.
According to Senator Imasuen, President Tinubu has taken step that no other president has taken because of fear of losing the election.
In his view, the tax reform bill is grossly misunderstood, people need to study the bill to come to terms with the benefits that can be derived from it; as it addresses the rich the middle class and the poor, for people who earn minimum wage are exempted from paying tax, while the rich pays a little higher.
On the issue of tax reform bill,he says Nigeria is over due for a tax reform but other Previous leaders could take step in the area of taxation but we cannot continued like that he says.
He stressed that, he is for good policies that will better the lives of Nigerians but is not swayed by party politics, commending President Bola Ahmed Tinubu for taking the bull by the horn through initiating reform policies that are geared toward uplifting the living standard of the masses at the infancy stage of his administration.
He further said, tax reform bill is grossly misunderstood, people need to study the bill to come to terms with the benefits that can be derived from it; as it addresses the rich the middle class and the poor, for people who earn minimum wage are exempted from paying tax, while the rich pays a little higher.
He posited that, the main controversy about the bill stems from Value Added Tax (VAT), where some section of the Country believed that it does not favour them saying,” the whole idea behind the reform is you take as much as you contribute towards it”.
The lawmaker was unequivocal that the governors are lazy and need to think out of the box: seek for r ways to generate revenue , saying tha revenue generation goes beyond the monthly subvention recieved from the Federal Government, that the governors should look inwards and harvest what they have, going by his submission,if this is done, there will be a healthy competition between the states. Apart from the oil produced in the Southern part of the Country, he said that the North have more mineral deposit there by giving them comparative advantage over other regions.
With respect to the upcoming bye election in Edo State, he said that the Labour Party(LP) is doing all within its powers to ensure that it comes out victorious at the end of the day although they are a minority party.
