Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oloyede, Says commercial sex workers across the country would soon be taxed for Money generated from Sex.
He highlighted that individuals providing services, including sex work, are required to pay tax on their earnings.
Oloyede argued that prostitution, though controversial, has become an undeniable part of the Nigerian economy and should therefore be regulated and taxed to boost government revenue.
In an interview with Peak Newspaper Oloyede explained that money given as a gift or upkeep to relatives, friends, or even strangers is not taxable because it is not exchanged for services.
The Federal Inland Revenue Service (FIRS) has not yet commented on Oloyede’s proposal. However, the idea has ignited a fresh round of debate on the moral, legal, and economic implications of commercial sex in Nigeria.
