Taiwo Oyedele Calls for Suspension of ‘Nuisance Taxes’ Across States and LGAs in Nigeria

In a notable move, Taiwo Oyedele has urged states and Local Government Areas (LGAs) across Nigeria to suspend what he termed as ‘nuisance taxes.’ The call comes as part of a broader initiative to streamline taxation policies and alleviate the burden on businesses and individuals in various regions.

Taiwo Oyedele, a prominent figure in the advocacy for efficient and business-friendly tax systems, emphasized the need for a reconsideration of certain taxes that may be deemed unnecessary or burdensome. The goal is to create a more conducive environment for economic growth and development, particularly in the face of ongoing challenges.

“We are urging states and Local Government Areas to review and, where necessary, suspend what we refer to as ‘nuisance taxes.’ These are levies that may be impeding the ease of doing business and hindering economic activities. A more strategic and business-friendly approach to taxation is crucial for sustainable development,” Taiwo Oyedele stated during a recent engagement.

The call aligns with broader efforts to enhance Nigeria’s business climate and attract investments. Streamlining taxation policies and eliminating unnecessary financial burdens on businesses and individuals can contribute to fostering economic growth and creating a more favorable environment for entrepreneurship.

As stakeholders engage in discussions regarding the review of taxation policies, Infostride News remains committed to providing comprehensive coverage of developments in this regard. Stay informed about any updates on the suspension of ‘nuisance taxes’ and the potential impact on the economic landscape across states and Local Government Areas in Nigeria.