Joe Abah, the former Director-General of the Bureau of Public Service Reforms, has urged the government to exercise prudence in its tax policies, especially concerning entrepreneurs.
Speaking during his participation in The Covenant Nation’s Platform on Monday, Abah emphasized the importance of not overburdening entrepreneurs with excessive taxes.
He stressed that a balanced approach to taxation is vital, as it can promote entrepreneurship, stimulate economic growth, and ultimately benefit the nation as a whole.
“More people who make money must pay taxes but those taxes must be streamlined such that entrepreneurs are not unduly bothered and made to pay for the inefficiencies of the state itself,” he said.
While referencing Nigeria’s film industry, he said the government should support Nollywood and ramp up production instead of imports to live its dream.
According to him, Nigeria must raise its productive capacity to compete with other nations across the world.
“To raise productivity capacity, Africa must make it easier to access capital to produce more of what people often want to consume,” he noted.
“In exercise, the message from the gods is: raise first your productive capacity and every other thing shall be added unto you,” Nigeria’s Country Director, Development Alternative Incorporated (DAI) added.
He also said Africa must tackle climate change, corruption, and other issues facing it to make progress.