Sign in
Download Opera News App

News Politics

 

Politics

 

Nigeria politics

Peter Obi Reveals The Easiest Way For Government To Make Money From Nigerians

Peter Gregory Obi, the vice-presidential candidate in the 2019 Nigerian general election under the People's Democratic Party, and former governor of Anambra State, has stated that, for any government to make money from the citizen, the government must first invest in the people and in return make money back through tax.

Taxation is said to be the process of levying tax and tax is the compulsory levy imposed on individuals, agencies, and companies by the government, primarily to generate revenue to cater for government expenditures.

The former Vice Presidential candidate asked government officials to invest in people, particularly small and medium business owners in Nigeria. He emphasized that over 90 million people in Nigeria are currently unemployed, and that investing in them will foster a business environment that will result in wise progress for the country.

According to Peter Obi, the money that the government invests in people will not be lost or wasted, but will be quickly recouped through tax gains. In his note, he concluded that the government's provision of startup funds to business owners and aspiring merchants is the start of Nigeria's success in the eyes of the rest of the world.

Via his official twitter handle, Peter Obi said "Taxation is an investment. We have 90m Nigerians who are not doing anything. The government first has to invest. How? By putting money in SMEs. In a bank, you cannot withdraw without paying in. Nigeria needs to invest in its people, after which they’d payback (via taxes)"

Content created and supplied by: Biggi4Pen (via Opera News )

Anambra State Nigeria Nigerian Peter Gregory Obi Peter Obi

COMMENTS

Load app to read more comments