National Economy
Thursday, October 2, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home States & Politics

Presidential Committee proposes payment of taxes through USSD, others

by Adejumoke Adeeso
2 years ago
in States & Politics
Reading Time: 2 mins read
committee
Share on FacebookShare on TwitterShare on Telegram

 

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said his Committee has proposed the use of Unstructured Supplementary Service Data (USSD) and other digital channels for the payment of taxes and levies across the three tiers of government in Nigeria.

Disclosed this on Wednesday, Oyedele while sharing updates on the Committee’s activities noted that part of the proposals to the government is to cancel many of the current taxes that have become burdensome to the people, harmonize the few that are justifiable, and digitize the collection process with multiple channels including USSD to drive efficiency, reduce leakages and promote accountability.

While noting that there are currently over 60 taxes, levies,and charges across the 3 levels of government, Oyedele said states and local governments are administering 46 of these, including road taxes, motor park levies, truck, canoe, wheelbarrow and cart fees ,etc.

You May Like

Enebongr Endorses Golf View Estate

CPPE Seeks Reforms, Digital Transformation To Unlock Oil, Gas Sector

He further explained that there are even more unauthorised taxes all disproportionately affecting small businesses including petty traders, hawkers, artisans, truckers, cart pushers, okada riders and other transporters.

He started that the associated costs are inevitably passed on to consumers, mostly low-income earners. The payers also have to contend with the unorthodox means of collection and harassment from untrained “revenue collectors” on highways, markets, streets, etc while there is very little to show for the revenues collected.

“We propose to repeal many of these burdensome taxes, harmonize the few that are justifiable, and digitize the collection process with multiple channels including USSD to drive efficiency, reduce leakages, and promote accountability.

“While the former may lead to potential backlash, the latter offers a more sustainable solution, avoiding social crises and providing relief to small businesses. Our reforms stand a better chance of success when we find a win-win outcome for all stakeholders than those which seek to alienate others,” Oyedele said.

While noting that the reforms being proposed also have a social dimension, Oyedele said the Committee has two choice choices recommending that new personnel be recruited and trained to drive compliance or train the existing collectors to be civil in their approach.

The Chairman said the Committee welcomes criticisms and always cherishes the opportunity to engage. He said the Committee is open to and actively seeks feedback and ideas from the public.

The USSD is a Global System for Mobile Communications (GSM) protocol that is used to send text messages. Currently being deployed by banks for financial services, USSD allows users to interact directly from their mobile phones by making selections from various menus.

 

Tags: Presidential Committee proposes payment of taxes through USSD others
ShareTweetShare
Previous Post

NDIC, FIRS to spend N8.7 billion on software acquisition in 2024

Next Post

CBN To Work Towards Real Price Discovery In FX

ANOTHER GOOD READ

Enebongr Endorses Golf View Estate
States & Politics

Enebongr Endorses Golf View Estate

3 days ago
CPPE Seeks Reforms, Digital Transformation To Unlock Oil, Gas Sector
States & Politics

CPPE Seeks Reforms, Digital Transformation To Unlock Oil, Gas Sector

3 days ago
PIND Holds Town Hall Meeting On PIA In Delta
States & Politics

PIND Holds Town Hall Meeting On PIA In Delta

3 days ago
‘Africa Can Generate $3.5trn GDP From AfCFTA’
States & Politics

‘Africa Can Generate $3.5trn GDP From AfCFTA’

2 weeks ago
Akwa Ibom: NOA Begins Sensitisation On Value Re-orientation, Others
States & Politics

Akwa Ibom: NOA Begins Sensitisation On Value Re-orientation, Others

2 weeks ago
No Injunction Granted Against Mark, Aregbesola-ADC
States & Politics

No Injunction Granted Against Mark, Aregbesola-ADC

2 weeks ago
Next Post
CBN To Work Towards Real Price Discovery In FX

CBN To Work Towards Real Price Discovery In FX

Most Recent

Dangote Hails Tinubu Over NNPCL Leadership Choice

Dangote Group To Redeploy Sacked Refinery Workers After Government Intervention

October 1, 2025
Peter Obi Calls For Reopening Of Onitsha Markets Closed Over Illicit Drugs

Obi Slams Lagos Trade Fair Demolitions, Alleges Lack of Due Process

October 1, 2025

Tinubu Says Tax-to-GDP Rises To 13.5%, Debt Burden Halved

October 1, 2025
Tougher Choices Ahead For Nigeria’s Economic Rebound In H2

Tinubu: 153,000 Nigerians Access ₦30bn Loans Through Credicorp

October 1, 2025
Nigeria Immigration Launches 24-hour Real-time Border Surveillance

Immigration Service Begins Nationwide Clampdown On Foreigners With Expired Visas

October 1, 2025
Nig@65: NDPC Act Boosts Nation’s Economic, Global Image – Expert

Nigeria at 65: Completing the Work of Freedom

October 1, 2025
NASRDA Pushes Space Education

NASRDA Pushes Space Education

October 1, 2025

Nigeria’s London Mission Staff Trained On Data Privacy Compliance

October 1, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy