Kwara based NGO, BBYDI makes case effective tax system

By Abdulrasheed Akogun

A Kwara based Non-governmental Organization, Brain Builders Youth Development Initiative have called for an all inclusive and sustainable economic growth, which will guarantee economic justice, stressing that effective and efficient tax system is the way to go.

This much was canvassed by the group’s Executive Director, Olasupo Abideen at its press conference which held in Ilorin yesterday.

Olasupo said “As we all know the 77th Session of the United Nations General Assembly started already Tuesday, 13 September 2022 with the theme, “A watershed moment: transformative solutions to interlocking challenges”.

” This year’s theme acknowledges the impact of crises such as COVID-19, climate change and conflict around the world with a focus on seeking solutions that build global sustainability and resilience against it.

“The development of the Sustainable Development Goals (SDGs) is one of the major highlights of the 21st century. After the Millennium Development Goals (MDGs), it was clear that for the world to reach its desired destination, we needed another set of actionable goals. But it’s been seven years since the beginning of the SDGs; the question remains, how well have we performed in actualising the goals?

“This is the moment to agree on a just recovery for all. We call for an end of austerity and instead a major economic stimulus package that radically reduces inequality, gender inequalities and lays the foundations for a just, equal and sustainable economy.

“Keep your promises to finance a more just and sustainable future with clear commitments to 0.7% of GDP for development cooperation including at least $50 billion/year for health and social protection.

“Deliver extensive debt cancellations and create a sovereign debt workout mechanism at the UN; increase access to capital for low- and middle-income countries by re-allocating new Special Drawing Rights.

“Ensure everyone contributes by taxing companies and individuals fairly with progressive tax systems and ending illicit financial flows and tax evasion.

“Target financial support to reach those who most need it, by prioritising funds for women, disadvantaged minorities, young people, persons with disabilities, older persons, migrants and other most affected groups” he added


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