Tax Super Rich To Save The Poor – Atiku Tells President Buhari

Former Vice President Atiku Abubakar on Sunday urged the Federal Government to increase taxes on the super-rich in order to raise government income as the county slides into recession, Igbere TV reports.

Atiku tweeted his idea of how Nigeria could survive recession after the National Bureau of Statistics (NBS) announced on Saturday that the nation’s GDP contracted by 3.62 per cent in the third quarter of 2020, better than its 6.10 per cent contraction in the second quarter.

Notice! has pop ads which means a new tab opens once you click, just click close the new tab and continue browsing. Join our telegram channel to receive live updates and be among the first to know once a movie is uploaded.


Atiku said the recession could have been avoided if the Buhari administration had listened to him and others.

He called on the government to first of all scrap the 2021 budget, saying it “is no longer tenable.”

“For example, a stimulus package, in the form of monthly cash transfers of ₦5,000 to be made to every bank account holder, verified by a Bank Verification Number, whose combined total deposit in the year 2019 was lower than the annual minimum wage,” he said.

On how to fund the stimulus package, Igbere TV reports that Atiku suggested that a luxury tax be placed on goods and services accessible only to the extremely wealthy individuals.

“Now, how will this be funded? By more profligate borrowing? No. I propose a luxury tax on goods and services that are exclusively accessible only to the super-wealthy. A tax on the ultra wealthy to protect the extremely poor,” Atiku said.

The former presidential candidate also proposed a one per cent poverty alleviation tax to be legislated by the National Assembly on the profits of every international oil company and airlines operating in Nigeria, which should also go towards the Poverty Eradication Fund.

, , , , , , ,

About 9jaAction

The brain behind STAY TUNE FOR MORE UPDATE!!
View all posts by 9jaAction →

Disclaimer! does not claim ownership of any movie on this site. If your copyrighted material has been uploaded or links to your copyrighted material has been uploaded, kindly click here to file a take down notice

Leave a Reply

Your email address will not be published. Required fields are marked *