2023- Kingsley Moghalu tackled for proposing to abolish multiple taxation

Kingsley Moghalu, former CBN’s Deputy Governor and also a presidential aspirant said he will abolish multiple taxation if he becomes Nigeria’s president in 2023.

However, Tolu Ogunlesi, a presidential aide, has tackled Kingsley Moghalu, on his plan.

The presidential hopeful had while selling his plans to Nigerians on his Twitter page on Thursday, said his government would reduce taxes and abolish “multiple, including informal taxation”.

He also spilled that if he assumes office in 2023, he would ensure those “who should pay taxes but don’t, actually pay”.

He wrote, “As President of Nigeria from 2023 my government will reduce taxes and abolish multiple (including informal) taxation of small, overburdened businesses, but work to ensure that many millions who should pay taxes but don’t, actually pay. Many more people paying reduced taxes will.”

But reacting to the plan, Ogunlesi who responded under the tweet, asked the presidential hopeful to explain how he (Moghalu) plans to abolish the informal subnational taxes in a federal system.

“Prof, how do you intend to “abolish” informal SUB-NATIONAL taxes in a federal Democratic system?” Ogunlesi tweeted.

Moghalu responded, “We will reform the federal tax system, and we will collaborate with states through the National Economic Council as part of a national approach to a national vision of the economy without taking away from the powers of sub-national units.”