Reactions are beginning to trail the imposition of 6 percent tenancy and lease stamp duty agreement in the country, as the Nigeria Labour Congress (NLC), on Saturday asked the Federal Government to reverse the decision.
NLC President, Mr Ayuba Wabba, made the call in a statement on Saturday in Abuja, adding that the Congress noted with dismay the new policy by the Federal Government through the Federal Inland Revenue Service (FIRS) stipulating a six per cent stamp duty fee for every tenancy and lease agreement in Nigeria.
According to him, the Congress condemned the agreement as the new policy came at a time the socio-economic pressure arising from COVID-19 dislocations was affecting many Nigerians.
He further state that the NLC rejects this new stamp duty policy on rents and leases as it will worsen the situation faced by Nigerian workers most of whom, unfortunately, are tenants.
“It is also alarming that we are having hike in taxes and user access fees when other countries are offering palliatives to their citizens.
“We call on the Federal Government and the Federal Inland Revenue Service to rescind this harsh fiscal measure as it is boldly insensitive to the material condition of Nigerians which has been compounded by the COVID-19.
“Nobody would want to be a tenant if they had alternative. This means that tenants which this new policy targets are some of the most vulnerable people in our society.
“It would be illogical, insensitive and inhuman to churn out laws that make our poor go to bed at night with tears in their eyes,” he said.
Wabba noted that the principle of public taxation especially progressive taxation all over the world was that the rich subsidizes for the poor and that every tax policy that would be enforceable must create a safety net for the poor.
He said further: “Accommodation is a fundamental right guaranteed by Nigeria’s constitution. It is unimaginable that tenants who are in the most vulnerable group would be expected to pay 6 per cent tax for accommodation when sales tax is 1.5 per cent.
“This is indeed a great injustice against the Nigerian poor. Government must take deliberate steps to avoid institutionalizing the widespread belief that it is a crime to be poor in Nigeria.
“We understand that the government needs money to run the business of governance especially at this time of economic challenges all over the world.
“But the answer is not in further exploiting the already exploited. There is no doubt that there are other painless ways of mobilizing funds to deal with the exigency of the times,” he said.
The NLC President, who noted that one of such ways of mobilising funds was to reduce official graft and insisted that it does not make sense to ask Nigerians to make sacrifices when they are daily regaled of putrid stories of how public officials are accused of swallowing money in billions and making a comic of ‘fainting’ afterwards.
“Second, there are thousands of unoccupied houses in different parts of the Federal Capital Territory and indeed many cities in Nigeria belonging to very affluent members of the society.
“As we have always demanded and canvassed, Government should tax such property in order to relieve Nigeria’s daunting housing deficits and to generate the needed funds to run government business.
“While we expect the reversal of the 6 per cent tenancy and lease stamp duty policy, we remind government that its highest responsibility is to ensure the security and welfare of every Nigerian,” he said.
Join the conversation
Join the conversation
Investigation… Inside Enugu markets where traders are choked by multiple taxes
In recent times, the world economy has developed tremendously and this is partly linked with activities of petty traders who...
SPECIAL REPORT: How flood-ravaged farmlands in Anambra threaten food production
Increased rainfall, as a result of climate change, has impacted negatively on many parts of the world. In Anambra State,...
INVESTIGATION… How NDDC spent N2bn on abandoned, non-existent road projects in Edo communities
In 2014, the Niger Delta Development Commission (NDDC) awarded 10 road projects worth over N2 billion in various communities in...
INVESTIGATION… Inside NDDC’s abandoned, poorly executed road projects dotting Abia communities (concluded)
In this concluding part, ARINZE CHIJIOKE discovers that apart from the Obohia-Ohuru-Aba Road, there are similar projects initiated by the NDDC in Abia State which...
INVESTIGATION… Messy tales of Abia’s abandoned NDDC road projects (I)
There were feelings of excitement among the people of Ohuru-Ndoki Community when three contractors were prequalified to bid for the construction of...
Osimhen ends goal drought in Napoli’s big win over Bologna
Super Eagles forward, Victor Osimhen has ended a four-month goal drought after he scored for Napoli in their 3-1 victory...
Suarez, Benzema score as Madrid derby ends in draw
Luis Suarez and Karim Benzema were on target for their respective sides as Atletico Madrid were held to a 1-1...
Man City’s 21-game winning run ended in derby; Liverpool suffer sixth straight home loss
Manchester City saw their 21-game winning run ended by city rivals, Manchester United following a 2-0 defeat in the Premier...
Aribo, Balogun’s Rangers win Scottish Premiership title for first time in 10yrs
Super Eagles duo of Joe Aribo and Leon Balogun have helped Rangers emerge champions of the Scottish Premiership after Celtic...
Adesanya suffers first career defeat in heavyweight fight against Blachowicz
Nigerian-born Israel Adesanya was handed his first career defeat by Jan Blachowicz in their light heavyweight fight by unanimous decision...
Latest Tech News
Nigeria’s Autochek partners Okra to offer car loans to customers. 3 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Nigeria’s Autochek partners Okra to...
Moroccan prop-tech firm, Mubawab, raises $10m funding. 2 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Moroccan prop-tech company Mubawab raises...
Google introduces Bitcoin, other cryptos, on its finance platform
American tech giant, Google, has introduced Bitcoin, Ethereum and Litecoin as legal tenders on its finance platform. Like the case...
Online Safety Initiative unveils winners of $1m scheme. 2 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Africa Online Safety Initiative unveils...
Enygma seeks to invest in women entrepreneurs. 2 other things and a trivia
These latest stories from the tech space will keep you updated with trends today. 1. Enygma seeks to invest in...
Twitter introduces “strike system” to permanently ban users who spread COVID-19 misinformation
In order to check the spread of fake information about Covid-19 vaccines, Twitter says it will permanently ban anyuser running...