The National Association of University Students NAUS, representing the spirited and law-abiding students of Nigeria, expresses deep appreciation for the Federal Government’s recent proposal to the National Assembly, which introduces a 50% tax relief initiative aimed at supporting businesses in raising employee salaries.
This commendable step demonstrates the government’s commitment to economic growth and prioritising workforce welfare, a move that aligns closely with NAUS’s values of empowerment and progress for the nation’s youth and workforce.
In the proposal, the Federal Government outlines a tax incentive program designed to ease financial strain on businesses impacted by rising costs in recent years, particularly from the effects of the subsidy reform on transportation. NAUS appreciates this policy as a meaningful approach to support firms, enabling them to remain sustainable and responsive to the economic needs of their employees. The tax relief initiative encourages businesses to invest in their workforce, helping to improve standards of living and contributing to the overall economic development of the country.
The Call for Swift Implementation
NAUS calls on the Federal Government to expedite the passage and implementation of this bill. A prompt rollout will equip businesses with the confidence and means to incorporate wage increases and maintain stability, benefiting employees and the economy at large. This measure, when swiftly executed, will reflect the government’s dedication to creating a resilient economy capable of withstanding both local and global economic challenges.
Furthermore, NAUS sees this as an opportunity for the government to signal its support to the business sector by not only acknowledging their efforts in creating jobs but also by actively enhancing the conditions under which these businesses operate.
NAUS’s Commitment to Economic Progress and Collaboration
As advocates for Nigerian students and the larger public, NAUS is committed to supporting government policies that prioritize economic empowerment and sustainable growth. The association stands ready to collaborate with the Federal Government and other relevant stakeholders to monitor the impact of this tax relief program, ensuring it serves its intended purpose of supporting the business community and the Nigerian workforce.
With this proposal, NAUS believes that the future holds promising developments for both the workforce and the Nigerian economy. As students and future leaders, NAUS members are dedicated to promoting policies that drive positive change and uphold the welfare of the Nigerian people. NAUS looks forward to the lasting, beneficial outcomes that this initiative promises to bring to the nation’s businesses, workforce, and overall economic environment.
Distinguished Senator Oguntade Israel Omodolamu
NAUS National Senate President
God bless the Federal Republic of Nigeria
