The Onibudo of Aiyetoro Budo Ota in Ado-Odo-Ota local government area of Ogun state, Oba Adewunmi Adeniji Odutala has urged Nigerians to reconsider relocating out of the country, assuring that the country will be better soon.
The monarch cum prophet noted that President Bola Tinubu would change the fortune of the economy in no distance future.
Speaking on the importance of “Festival of Praise”, Oba Odutala said it was necessary because it was a way of celebrating God’s faithfulness on his kingdom.
He said in the last 10years on the throne of his forefathers, Ayetoro-Budo-Ota community has witness relative peace and transformation.
He equally commended Federal Government on the tax reform bill, saying the reform will be beneficial to Nigerians if assented by the President.
Oba Odutala called on the National Assembly and Presidency as a matter of urgency to bring sanity into the tax administration of the country in order to avert the total collapse of the economy due to tax suffocation of businesses.
Speaking on Saturday in Ayetoro-Budo-Ota at the annual Festival of Praise organized by his evangelical outreach, the monarch emphasized the need for the government to give small businesses a breathing space with multiple taxation.
He said if President Tinubu gives assent to the tax reform, it will checkmate the excesses of multiple taxation.
“In my submission, I’ve identified multiple taxation as the principal headache that is killing SMEs and in effect, deepening the unemployment crisis.
“The ongoing proposed legislation to harmonize taxation for SMEs. My detailed submission also seeks a Presidential Executive Order collating all current incentives for SMEs and issuing directives for due compliance.
“I want to re-emphasize and strongly recommend that tax harmonization legislation should be preceded by a presidential Executive Order. This will enforce compliance with pro-SMEs initiatives and interventions of the government,” Oba Odutala noted.
He continued: “You know, the economy is in shambles. The Naira is so bad and uncalled for. My advice to Mr. President is, look inward. Please do something that will ameliorate the suffering of the common man. I don’t know who is afraid of the tax reform. If you had gone through the process of the tax reform bill, you will see that at the end of the day, it will be in our own favour. It is even an advice to Mr. President to look into multiple taxation in the country.
“The state collect tax, the local government collect tax, direct or indirectly, multiple tax is killing businesses in Nigeria. So let us think outside the box and allow Mr. President to make this thing work.”
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