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Lawyer urges FG to introduce wealth tax to reduce poverty

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An Abuja-based Senior Advocate of Nigeria, SAN, Malam Ahmed Adeniyi Raji, has referred to as on the Nigerian authorities to instantly introduce a wealth tax coverage that can make super-rich Nigerians pay a deserved tax that may be used to cater for the downtrodden residents within the nation.

The lawyer stated that the instructed tax coverage if launched and carried out will make the super-rich Nigerians contribute meaningfully to the federal government’s purse to bridge the hole between the prosperous and tremendous poor within the nation.

Raji, who spoke at a public lecture entitled, “Taxing Powers in a Federal System” held in Abuja remarked that the time has come for the federal government to do actual balancing between the wealthy and the poor in Nigeria within the curiosity of peace.

He argued that within the face of a harsh financial scenario, the poor have to be sponsored and to not be taxed underneath any guise in order to stability their anger towards the wealthy.

The Senior Advocate of Nigeria famous that proof is adequate that some super-rich class owns private jets price $50 million every at a time when some households couldn’t afford to eat twice a day including that the nation can’t witness real peace underneath such a scenario.

“It’s a incontrovertible fact that the downturn in Nigeria’s economic system is having harsh and devastating results on the poor majority Nigerians. The broad disparity between the wealthy and the poor needs to be of grave concern to patriotic Nigerians and the way in which out have to be discovered.

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“The hole between the wealthy and the poor is a lot and so offensive that it could actually result in break down of legislation and order at any second.

“It’s within the curiosity of justice that the super-rich ought to shed a part of their stupendous wealth to cater for the downtrodden lots earlier than it’s too late.

“Majority of Nigerians are in absolute poverty. Over 90 % of the Nigerian inhabitants is in abject poverty and the time has come for us, together with myself to handle the ugly scenario.

“Any try to fake that each one is effectively might spell doom for the nation. We shall be sitting on a keg of powder if we refuse to handle the challenges of the poor lots now,” he warned.

He appealed to the federal government that the instrumentality of wealth tax have to be adopted and used to develop the Nigerian nation as executed in the USA of America, United Kingdom, and France.

The senior lawyer stated he opted to make use of the general public lecture he organized to attract consideration to some burning points and challenges that deserve public consideration relatively than mere merry-making.

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