Nwoko, a member of the opposition Peoples Democratic Party, PDP and a member of the Senate Committee on Constitutional Amendment as well as Finance, said this in an interview in Abuja on Wednesday. According to him, Nigeria’s tax system has long been due for reform. “Nigeria, with one of the lowest tax-to-GDP ratios in the world, our revenue framework is not fit to support a population of more than 220 million people.
“The principle of progressive taxation is central to the success of these reforms, which is protecting small businesses and low-income earners while ensuring that those with higher incomes contribute proportionately,” he said.