Tinubu’s tax reforms can curb financial recklessness

Bishop Mathew Kukah, founder of The Kukah Centre, has expressed hope that the controversial tax reform bills introduced by President Bola Tinubu’s administration could help tackle financial mismanagement often linked to the elite.

Speaking on Channels Television’s Morning Brief on Tuesday, Bishop Kukah called on the Federal Government to shape the reforms in a way that promotes national development.

The tax reform bills, currently under review by the National Assembly, have sparked widespread debate across the country. Critics contend that the reforms unfairly target specific regions and could impose additional hardships on already struggling Nigerians.

Reflecting on the state of the nation, Kukah noted, “Nigeria is a very energetic country with people that are so eminently gifted and are roaring to soar at any time.

“However, our problem is the inability of states to create enough gatherings to contain the energy, vision, and competing narratives of their citizens. This lack of competitive gatherings often spills over into violence.

“But I hear you when you speak about all the issues identified. And I am excited about the issue of tax reform bills because, first, I know nothing about it. But I have started educating myself.

“Any form of reform at all must get this thoroughly dysfunctional country working again.

“So I am excited because hopefully, we can take the time to listen to the conversation about how to avoid and end this financial recklessness, and the irony of Nigerians living by the seaside and washing their faces with saliva.

“The reforms should end the narrative of Nigerians living in a country that is so richly endowed but are spectators to the rascality and irresponsibility of the elites who continue to mismanage our resources. So I’m hopeful that this is the beginning of a very long journey of fiscal management and efficiency that can lead to the growth and development of the kind of country that we envision.”

Kukah expressed hope that the reforms would mark the beginning of improved fiscal responsibility, potentially steering Nigeria toward the development and prosperity its citizens envision.