The All Progressives Grand Alliance Senatorial Candidate for Ebonyi South Zone, Mr Ifeanyi Eleje, has urged the Ebonyi State Government, under Governor David Umahi, to rearrange and redesign its taxation policies to allow businesses to thrive in the state.
According to Eleje, Ebonyi State Government has shot itself in the foot with its current tax jurisdiction, saying the incidence of capital flight persists due to the current trend.
He stated this in an interview with reporters on Wednesday.
He said, “Business-friendly environment is referred to as a tax haven. Dubai in the United Arab Emirates is a living example. It is recognised as the most favourable tax jurisdiction in the world.
“This has been largely responsible for the lightning speed with which Dubai developed as a leading business destination and also a leading world economy.
“I will suggest to the state government to review its policies on taxation to make it attractive to investors and, equally importantly, loosen the noose around the neck of its citizens.
“Luckily, the governorship candidate of the APGA in the state is a convert in this thinking and has been espousing his thoughts on this at any given occasion.
“I think the government of Ebonyi State shot itself in the foot with its current tax jurisdiction.”
Recall that experts, including the governorship candidate of the New Nigeria Peoples Party for the 2023 general elections in Ebonyi State, Chris Adol-Awam, had lamented high taxation in the state.