Dr. Samson Ayokunle, former President of the Christian Association of Nigeria (CAN) and the Nigerian Baptist Convention, has called on President Bola Tinubu to put an end to the excessive taxation imposed by federal and state agencies. Speaking on Inside Sources with Laolu Akande on Channels Television, Ayokunle stressed the dire consequences of relentless taxation on struggling Nigerians.
Ayokunle advocated for a strategic pivot towards boosting investment in the agriculture and mining sectors, emphasizing that Nigeria’s wealth lies untapped in these areas. “Nigeria has abundant resources. Instead of incessant taxation, we should explore and invest in these sectors. Overburdening people with taxes is unsustainable; it leads to increased hardship and potential loss of life,” he warned.
He urged the President to revitalize the economy by encouraging investment and reducing financial burdens on citizens. “Continuous tax hikes, including rising electricity tariffs, are unsustainable. The government needs to consider the financial realities faced by Nigerians. We need policies that sustain life, not suffocate it,” Ayokunle stated.
Reflecting on the country’s economic woes, Ayokunle noted, “Nigeria’s economy is in disarray. The unprecedented hardship and skyrocketing prices have left many struggling to survive. Our nation’s potential is vast, yet we lag far behind due to mismanagement.”
While acknowledging some positive steps taken by the new administration, Ayokunle criticized the abrupt removal of the petrol subsidy without a thorough analysis of its implications. “This hasty decision exacerbated the economic strain. Comprehensive strategies are needed to stabilize foreign exchange and provide real relief to the populace,” he remarked.
Commending the government’s student loan initiative, Ayokunle reiterated the importance of agricultural investment to combat food inflation and create sustainable economic growth.
Victoria Ibiama
