Ale cautioned that tax reforms would likely make the poor even poorer while benefiting the rich, as the economic burden would fall disproportionately on the less privileged. He argued that, instead of imposing additional taxes, the government should focus on creating a conducive environment for growth and addressing the social concerns affecting citizens.

“The proposed tax reforms will make the poor poorer and the rich richer,” Ale said, adding that sustainable development requires more than just an increase in revenue. He emphasized that social and environmental factors were equally crucial to national development, and that infrastructure spending alone would not lead to meaningful progress without attention to these areas.

Ale also criticized the current economic climate, which he believes is ill-suited for capitalist-driven tax reforms. He warned that even if companies were taxed more, the costs would ultimately be passed down to the consumers, most of whom are from the lower-income segments of society.

To mitigate the negative impact of increased taxes, Ale suggested adopting a progressive tax system that would tax individuals and businesses based on their financial capacity. He also advocated for stricter corporate social responsibility measures, urging companies to contribute to public infrastructure.

The expert recommended that government revenues be allocated to areas such as research, job creation, and human capital development, which would provide long-term economic benefits. He also called for policies that prioritize inclusivity and equity to ensure that reforms do not disproportionately burden Nigeria’s most vulnerable citizens.