The Chief Whip to the Senate, Ali Ndume, has asked the Federal Government to abolish tax credits given to companies operating in Nigeria.
Ndume, a member of the Senate Committee on Appropriation, made this known on Wednesday during an interactive session between the committee and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
In September, the Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, said tax incentives gulped N6tn annually.
According to the lawmaker representing Borno South Senatorial District in the 10th National Assembly, the President Bola Tinubu administration must take bold decisions including yanking away tax credits given to big companies in the name of pioneer status.
