Stop introducing more taxes, financial experts urge FG

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Financial experts have urged the Federal Government to stop the introduction of more taxes because of the nation’s weak economy.

They said this in separate interviews with the News Agency of Nigeria on Friday in Lagos.

A tax consultant, McAnthony Dike, said the Federal Government should not initiate more taxes due to the fragile economy.

Instead, Dike, a former President of Chartered Institute of Taxation of Nigeria, said the Federal Government should enhance the formal tax collection systems in the country.

He urged the political class to cut down on the cost of governance in order to free funds for developmental purposes.

– NAN

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