President Bola Tinubu has been asked to cut down the current expenditure’s cost, particularly those spent on former governors, their first ladies and other political office holders.
According to the Organised Private Sector, the Tinubu-led federal government must consider cutting down on the current tax burden put on industries and their staff members, saying those would be one of the significant measures to bring down the present inflationary trend in the country.
The Director-Generals of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Sola Obadimu and the Manufacturers’ Association of Nigeria, Segun Ajayi-Kadir, stated these in Abuja during the closing session of the 2023 Nigeria Employers’ Summit.
The summit was organised by Nigeria Employers’ Consultative Association.
He said:
“You see, the point is, the government is being gradually pushed to the wall. I don’t think that rather than taxing people and taxing industries, the government also has to look at the area of leakages. The cost of running a government is still so high.
“Ordinary a local government will be moving with six cars in his convoy, and this supposedly high cost of petrol. That is different from offices of the first ladies of governors, and offices of past governors.
“If you see the amount we are spending in maintaining former governors who are no longer in office – the cost of current expenditure is so high, and I think our current political players need to manage that area.
“They cannot continue to maintain the same lifestyle while expecting people and industries to continue to pay to maintain that lifestyle.”
According to him, industries would continue to pass the burden to consumers if they pay high taxes.
