… Says it is not time to increase tax rate, but a time to help businesses grow and create jobs.
Azubogu Media Office – 1st August, 2020.
The member representing Nnewi North/Nnewi South/Ekwusigo Federal Constituency, Engr Chris Emeka Azubogu has reiterated his call for new policy direction that will be job-driven as the country moves into post lockdown era.
The lawmaker, who made the statement in his new month message released through his media office earlier today, stated that it is obvious that Government at all levels are having shortfalls in their revenue yield, occasioned by the CoVid-19 pandemic. He went on to add that shifting the burden on already weakened private sector and citizens in form of fiscal policy, will end up collapsing more businesses, throwing more out of jobs and most certainly worsen the already existing problems.
“Yes, Government at all levels are faced with shortfalls in her revenue projections occasioned by the CoVid-19 pandemic, but it will be more dangerous for the government to shift these burdens on the private sector and entire citizens in form of increase in taxation.
“What we need to focus on is how to help the private sector to drive jobs through deliberate public policy intervention and not to further burden these businesses that have already been weakened by the CoVid-19 pandemic,” the Anambra-born Federal lawmaker said.
The man who is behind the ‘Service Compact Management Agency Bill 2020’ which is before the House of Representatives, explained further that the bill is in line with his push for Post CoVid-19/Lockdown economy in order to advance ‘EASE Of Doing Business’ in Nigeria and fuel productivity that will create more jobs.
“My SERVICOM Bill will help advance ‘Ease of Doing Business’ in Nigeria and trigger increased productivity that goes with more jobs for our people. That should be our focus at this very critical moment,” he added.
The University of Nigeria, Nsukka-trained engineer prayed that people should remain resilient even in the face of challenges, adding that we will certainly come out stronger.
“My prayer for our people this new month, is that they should remain resolute and focused for things will get better,” he concluded.