Nigeria’s Civic technology organisation, BudgIT Nigeria, has urged Nigerians to express displeasure over the stamp duty law of the Federal Government considering the effect the law would have on the finances of the common man.
Oluseun Onigbinde, co-founder and team leader of interactive financial platform, BudgIT Nigeria in a statement made available to Sundiata Post, noted that the law says that there must be stamp duties and the High Court reinforces that however the law favours only those in government and their interests.
“Strangely, people are not demanding accountability from those in government. People are not asking questions, demanding accountability or anything of sort from government. Perhaps, when it hits Nigerians that for every deposit, no matter how small, they will be charged N50, then they will understand the import of the law. Now, we must come together to insist that we want the law amended or repealed. If we don’t the government will assume that we are rosy with the law, therefore, it will stay. Nigerians need to pay more attention to what is happening.[pro_ad_display_adzone id=”70560″]
“We pay taxes and all forms of amounts are deducted from our salaries, but when the government wants to raise more non-oil revenue funds, it comes back to us instead of going to the Nigeria Customs, Federal Inland Revenue Services (FIRS), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Civil Aviation Authority (NCAA), Federal Airport Authority of Nigeria (FAAN) and others. These parastatals of government, ministries raise billions of naira yearly, but they do not account for it as transparently as they should.”