10 drastic policies I would like Muhammad Nami the new head of the Federal Inland Revenue Service to introduce

By Ayo Akinfe

(1) Set an income tax revenue target of $50bn by 2030

(2) Forward proposals to the National Assembly introducing a regime whereby no public official will receive more than four times the national minimum wage

(3) Peg the salaries of the president, governors, senators, ministers, commissioners, members of the House of Representatives, state assembly members, etc to grades in the Nigerian civil service

(4) Impose a 60% faith tax on all religious houses

(5) Impose an annual luxury tax on all private jets. This will be 10% of the value of such aircraft

(6) Open tax offices in every marketplace and motor park so retailers and those in the informal sector can pay their income tax at source

(7) Ask everyone of our 774 local government areas to have a Federal Inland Revenue Service (Firs) desk. That way, Firs will reach every nook and cranny of the country

(8) Introduce an Owambe tax on lavish parties. Nigerians spend too much on entertainment. Much more than the nation can afford

(9) Introduce a Foreign Engagement Tax of 40% to be levied on all those parties and events held in places like Dubai, Mauritius and Qatar. Its proceeds are to be invested in the Nigerian hospitality industry

(10) Introduce a medical tourism and foreign education tax for all those getting health treatment and educating their children abroad. This will amount to 10% of their gross expenditure abroad

 

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