A Minister of State for Finance nominee, Taiwo Oyedele, said on Wednesday at least 12 states in the country have enacted the Tax Harmonisation Law.
Oyedele spoke during the graduation ceremony of 5,900 young entrepreneurs trained by MTN Foundation on different modules of entrepreneurship, businesses and innovations in Abuja.
The tax harmonisation law was recently introduced by the Federal Government as part of Tax Reforms in the country.
According to Oyedele, 13 other states have already tabled the law before their Houses of Assembly for implementation, while others are in various stages of implementation of the reforms.
He said President Bola Tinubu”s tax reforms were intended to ensure modernisation of the fiscal framework for businesses to strive and grow, protect vulnerable populations and reset fiscal economic transformation of the country.
Oyedele added that States Tax Harmonisation Law aimed to eliminate nuisance taxes, prevent harassment of citizens under any guise, simplify taxes, protect citizens rights as tax payers and end unfair tax treatment.
He said that transparency, fiscal discipline and responsibility as well as accountability are key issues in any tax system.
Oyedele applauded MTN Foundation for being in the vanguard of promotion of entrepreneurship and innovations.
“The MTN Foundation has, through the Young Innovators and Entrepreneurs Training Initiative, provided training and working tools for over 15,000 young people since its inception,” he stated.