The Association of Local Governments of Nigeria, ALGON is partnering with a private Security outfit to sensitise on a unified tax structures initiative in the transportation sector.
Chief Executive Officer of the firm, Olakunle Johnson, who announced this to newsmen in Lagos, said the initiative would stop multiple taxation on commercial transporters as revenue wasted away by individuals could be well accounted for and used for the common good of Nigerians.
He noted that the initiative would change the face of Nigeria’s economy that is why ALGON came up with the initiative to make sure every Nigerian paid only one tax.
Johnson added that the firm was the agent for the implementation of the Federal Government and states, while ALGON initiated the National Anti-Multiple Taxation Scheme and the National Transit Insurance Scheme.
ALGON’s President Kolade Alabi supported the cause to have a unified tax system in Nigeria, which will reduce hyperinflation currently facing our economy. Alabi, while commenting on the partnership, admitted that the initiative would go a long way to reorganize the country’s economy as the discouraging effect of multiple taxation on transport fares would be abated.
