12 states have enacted Tax Harmonisation Law, says Oyedele
No fewer than 12 states of the federation have enacted the Tax Harmonisation Law recently introduced by the Federal Government as parts of Tax Reforms in the country, Minister of
No fewer than 12 states of the federation have enacted the Tax Harmonisation Law recently introduced by the Federal Government as parts of Tax Reforms in the country, Minister of State for Finance Designate, Dr Taiwo Oyedele has disclosed.
According to Dr Oyedele, 13 other states have already tabled the law before their states Houses of Assembly for implementation, while others are in various stages of implementation of the reforms.
Dr Oyedele who was appointed on Tuesday as Minister of State for Finance spoke at the Continental Hotel Abuja during the graduation ceremony of 5,900 Young Entrepreneurs who were trained by MTN Foundation on different modules of entrepreneurship, businesses and innovations.
The MTN Foundation has through the Young Innovators and Entrepreneurs Training Initiative, provided training and working tools for over 15,000 young people since its inception.
Read Also: Army deploys additional battalion to secure Benue–Taraba corridor
The Minister Designate said President Bola Tinubu Tax Reforms are intended to ensure modernisation of fiscal framework for businesses to strive and grow, protect vulnerable populations and reset fiscal economic transformation of the country.
While he applauded MTN Foundation for being in the vanguard of promoting entrepreneurship and innovations, Dr Oyedele noted that the Foundation is building the economic back bone of the country through job creation, Innovations and entrepreneurship.
Dr Oyedele who spoke extensively on the on- going tax reforms, said states Tax Harmonisation Law aimed to eliminate nuisance taxes, prevent harassment of citizens under any guise, simplify taxes, protect citizens rights as tax payers and end unfair tax treatment.
He maintained that transparency, fiscal discipline and responsibility as well as accountability are key issues in any tax system.
Oyedele encouraged the graduating entrepreneurs to think big and take advantage of the opportunities abound in Nigeria as a country with extraordinary potentials, noting that financial discipline, good record keeping, building trust in their brands and focus on values should be their watch-words in the journey ahead.
The Chairman of MTN Foundation, Mr Mosun Bello Olusoga represented by a Director of the Foundation, Malam Surajudeen Yakubu, said the MTN ICT Business School Initiative has trained over 15,000 young entrepreneurs since it inception.
He said the foundation would be providing about N300 million business grants to beneficiaries of the programme, noting that it was a way of contributing to the success journey of young innovators and entrepreneurs in the country.
While he urged the graduands to be good ambassadors of the Foundation, Olusoga said the 15000 young Nigerians already empowered to build a sustainable businesses would in turn provide job opportunities for Nigerians, create wealth and add values to the society.
