The presidential candidate of the Social Democratic Party (SDP) in the 2023 elections, Prince Adewole Adebayo, criticized the former president of the House of Representatives, Yakubu’s statement Dragara that the fiscal policy of President Bola Tinubu is revolutionary.
Adebayo argued that President Tinubu is stirring the Nigerians for productivity instead of productivity, a measure that said it could reduce the economy.
He added that everyone knows President Tinubu, even in his private life, is a well -known tax collector.
Adebayo declared:
“So the experience of tax collectors is an improvement on the disorganized system he inherited. He successfully implemented tax collection in lakes, and now he is doing it in Abuja. The problem is that Doftara’s great speeches are exaggerating the impact.
“This reform is acceptable, not the best, but much better than it existed before. However, it is being overene because many other factors have reduced the real value of the billion N14 collected this year compared to the system in the field.”
He insisted that the N14 billion supposedly collected in taxes this year has less real value than the N7 billion raised last year.
Adebayo warned against celebrating figures, noting that people’s purchasing power is still weak:
“If you look at it in real terms, what can you buy?
In Tinubu’s tax system, Adebayo said it has a better, more equitable and realistic fiscal policy than will implement if the SDP wins and assumes the position:
“I have a better fiscal policy than the current system, but I am not directing the government. This is what they have chosen. When the SDP wins and I assume the position, I will introduce a more fair, more equitable and realistic fiscal system that drives the Gross Domestic Product (GDP).”
He stressed that taxing the Nigerians of productivity, instead of productivity, will reduce the economy:
“The problem is that if people gravels for productivity, slowly slowed down, no new jobs are created, new industries and economy contracts will not arise.
“The economy should be reduced if it is not investing in infrastructure or creating new opportunities. Without sufficient investment, GDP will not grow. If GDP does not grow faster than population growth, the country is in serious problems, regardless of how efficient it is a tax collector.”
Nigerian tribe
Watch the best Nigerian Tribune TV videos