CORONAVIRUS PANDEMIC: IT IS TIME FOR NIGERIAN LEADERS TO MAKE SACRIFICES AND REPLAN OUR BUDGETORY NEEDS—MR. ISAAC WADAK (FINANCIAL EXPERT)

By: Alfred Saiki, Reuben Egbah and Hauwa Kabir Lawal,

The Chairman Chartered Institute of Taxation of Nigeria Jos and District Society, Mr. Isaac Wadak, has advocated that the Nation can get out of the impending economic downtown brought upon itself by the Coronavirus pandemic, if the leaderships at all levels and structures of government and governance are ready to make sacrifices.

The former Permanent Secretary, Ministry of Finance in the Plateau State Government, in a Press Statement made available to REALITY today, dated, 30th March, 2020 and personally signed by him, stated that, he is impressed with some steps already taken by some financial agencies, while expressing his professional take, that, the period the nation is as at today is for citizens to evaluate the country’s leadership competence to manage the country’s resources side by side the challenging times.

MR. WADAK

According to Mr. Isaac Wadak, “It is now obvious that nearly all nations will no longer be able to meet their revenue targets, thus, making budgets unachievable with the lockdown and shutdown of businesses, cities, states and nations.

“The Nation (Nigeria) can do more by viring the votes on purchase of vehicles for members of the National Assembly, vote for renovation of National Assembly, vote for digitalization of NTA and many such spurious allocations to fight this scourge.”

Adding that, “This is the time people will know if a nation has competent leadership or not or people who want power to serve or be served”.

MR. WADAK, FORMER PERM SEC, PLATEAU STATE

He stated that it has become inevitable that Nigeria as a country falls back on reserves and cut down expenditures, while commending efforts so far made by some financial agencies.

“Already the FIRS, has come up with some measures like extension of filling dates for VAT and CIT etc.

“The CBN has come up with moratorium on CBN intervention facilities interest rate reduction on CBN facilities from 9% to 5%etc.

Hon. Wadak advised Lawmakers at the National Assembly, to put forward a Bill to be presented on the floor of the House, “For protecting employees from job loss, suspension of import duties on medical equipment, medicines and personal protective gears, among others”.

Mr. Wadak, also joined other spirited Nigerians to call on citizens to obey all government directives concerning the control of the spread of the pandemic and stay home.

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