Oyedele warns against tax burden on poor people as G-24 seeks concessional lending support

“The measures, like you ask, will be first for every country to look inwards, looking inward to find areas of savings, areas of revenue mobilisation, but also bearing in mind this is the wrong time to impose new taxes or increase the burden of tax, particularly on the vulnerable population and productive sectors of the economy,” he said of measures to support the economy.“This is the wrong time to impose new taxes or increase the burden of tax, particularly on the vulnerable population and productive sectors of the economy,” Mr Oyedele, who is also chairman of the G-24, said.

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned against additional tax burden on vulnerable people and productive sectors of the economy at a time of global economic uncertainty.