Jomog
  • Home
  • About Us
  • News
  • Politics
  • Entertainment
  • Health
  • Sports
  • Gist
  • Contact Us
No Result
View All Result
Jomog
No Result
View All Result
Home Business

Why Nigerians Should Embrace Paying Taxes

by Editor
April 17, 2023
“Nigeria College of Taxation and Fiscal Studies” Bill Passes Second Reading

44968867 - office work and filling in tax returns close up

Share on FacebookShare on TwitterShare on Whatsapp

In all societies – both ancient and modern, paying taxes has remained a means through which citizens reciprocate the government’s social services to them.

RELATED POSTS

IWD: Fidelity Bank Signs MoU with Partners, Launch ‘Give Her Power’ Initiative to Empower Nigerian Women

Union Bank’s Union Cares Initiative Celebrates Academic Excellence at Pacelli School for the Visually Impaired Graduation

Fidelity Bank ED, Kevin Ugwuoke Takes Over As President Of Risk Managers Association

Of course governments all over the world exist to render services to the people by providing social services such as infrastructure and other developmental projects for the use of citizens, but at the same time it behooves the citizens to reciprocate by paying their taxes as at when due.

In fact one of the requirements for a citizen to aspire for a public office in Nigeria and indeed in other climes is to show a proof of being a responsible citizen by paying his or her taxes, and failure to adhere to this rule will deny the citizen the right to aspire to a public office. I recall that in the second republic, the late nationalist and First Republic President, Rt. Hon. Dr. Nnamdi Azikiwe was dragged to court by his political opponents on the allegation that he failed to pay his taxes. However after the court adjudicated on the matter it was discovered that Dr. Azikiwe, as a responsible citizen had paid his taxes as at when due, and he proceeded to contest for the coveted office of the President.

This is one historical example of how important it is to pay taxes. Furthermore, when citizens pay their taxes government will be in a position to adequately discharge its responsibilities to the citizens. Such responsibilities include provision of social amenities like hospitals, roads and bridges, water, healthcare, sanitation, schools, care for the aged and vulnerable groups, markets among others.

It is in this regard that the Nigerian apex tax organisation—Federal Inland Revenue Service (FIRS) under its Executive Chairman, Muhammad Nami has been applauded both within and outside Nigeria for its innovative steps towards increasing Nigeria’s revenue profile with its aggressive drive for payment of taxes by the citizens.

It is remarkable that since Muhammad Nami assumed office he has introduced several measures that have seen the Federal Inland Revenue Service being in the lead for the federal government’s source of revenue for development apart from the oil sector.

In most developed countries tax evasion is considered a very serious crime and can lead to severe repercussions against any offender, his or her status in the society notwithstanding.

In the light of the above Nigerians are enjoined to embrace the culture of paying taxes as it is a demonstration of one’s faith in his country, as well as an obligation on the part of every citizen and corporate organisation.

There are different types of taxes ranging from personal income tax, company income, tertiary education tax etc. There is no gainsaying the fact that a social contract is not only binding on the government but also the citizens. While the government is discharging its own responsibilities, the citizens on their part are obligated to reciprocate by paying their taxes promptly.

Gladly this is playing out well under the President Muhammadu Buhari’s administration where the increase in tax revenues has translated into the provision of numerous social amenities that are impacting on the citizens positively.

The impact can be felt in the construction of roads, bridges, railway lines, funding of Nigeria’s tertiary institutions, building of water dams and power plants across the country among many others. Obviously all these life-changing social services would not have been possible if the Federal Inland Revenue Service did not live up to its constitutional responsibility.

By Chukwudi Enekwechi, JP
[email protected]

Related Posts

IWD: Fidelity Bank Signs MoU with Partners, Launch ‘Give Her Power’ Initiative to Empower Nigerian Women
Business

IWD: Fidelity Bank Signs MoU with Partners, Launch ‘Give Her Power’ Initiative to Empower Nigerian Women

Business

Union Bank’s Union Cares Initiative Celebrates Academic Excellence at Pacelli School for the Visually Impaired Graduation

Fidelity Bank ED, Kevin Ugwuoke Takes Over As President Of Risk Managers Association
Business

Fidelity Bank ED, Kevin Ugwuoke Takes Over As President Of Risk Managers Association

PRUDENTIAL ZENITH LIFE INSURANCE, JUNIOR ACHIEVEMENT PARTNER ON FINANCIAL LITERACY
Business

ZENITH BANK ENHANCES STAFF PAY BY OVER 20% AND PROMOTES ABOVE 4,000

UBA PROMOTES SAVINGS CULTURE, LAVISH PRIZES ON BUMPER ACCOUNT HOLDERS
Business

UBA Shareholders Earn 375% Capital Gains In 5 Years

Polaris Bank Provides Free Breast Cancer Screening for 250 Nigerian Women
Business

Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024

Next Post
Controversy As Olu Of Warri Installs New Ologbotsere, Ayiri Kicks, Walks Out

Controversy As Olu Of Warri Installs New Ologbotsere, Ayiri Kicks, Walks Out

Fashola Speaks On Tinubu’s Alleged Dual Citizenship

Fashola Speaks On Tinubu’s Alleged Dual Citizenship

More Reports

Senate Will Summon Wike Over Worsening Banditry In Abuja – Kingibe

Court Dismisses Suit Seeking To Stop Senator Kingibe From ADC Activities, Fines Plaintiffs ₦20m

Funeral Begins For Ogbomoso Assistant Headmaster Killed By Bandits

Funeral Begins For Ogbomoso Assistant Headmaster Killed By Bandits

32 Students, Teachers Still Held Captive As Oyo Police Deny Rescue Claims

32 Students, Teachers Still Held Captive As Oyo Police Deny Rescue Claims

DHQ: Fleeing JAS Terrorists Responsible for Oyo State Kidnappings

DHQ: Fleeing JAS Terrorists Responsible for Oyo State Kidnappings

JAMB Gets Youngest Registrar Ever as Tinubu Appoints Prof. Segun Aina

JAMB Gets Youngest Registrar Ever as Tinubu Appoints Prof. Segun Aina

Frank Edoho Vows Legal Action, Rejects Estranged Wife’s Abuse and Infidelity Claims

Frank Edoho Vows Legal Action, Rejects Estranged Wife’s Abuse and Infidelity Claims

JAMB Set To Release 2024 UTME Results

Just In: JAMB Approves Release of 279 Withheld UTME Results After Review

© Jomog.com.ng

No Result
View All Result
  • Home
  • About Us
  • News
  • Politics
  • Entertainment
  • Health
  • Sports
  • Gist
  • Contact Us

© Jomog.com.ng