Obi Ezenwuogo, Co-Founder and Director of Trovotech Ltd., shared his insights on the importance of tax reform and its impact on the virtual asset industry. Speaking at the National Youth Retreat organized by the Nigeria Youth Organization, Ezenwugo emphasized the need for a balanced tax regime that considers the earnings of individuals and businesses.
Ezenwugo highlighted the significance of tax reform in Nigeria, stating that it is essential for the country’s survival. However, he cautioned that the tax system must be fair and take into account the income levels of individuals and businesses. He suggested that those who earn more should pay more taxes, while those who earn less should pay less.
As the Co-Founder of Trovotech Ltd., a tech startup approved by the Securities and Exchange Commission to deliver asset tokenization solutions, Ezenwugo shared his perspective on the tax reform’s impact on the virtual asset industry. He welcomed the tax reform but emphasized the need for a reasonable and balanced approach. He also stressed the importance of giving the industry time to grow before imposing taxes.
Ezenwogo emphasized the need for the government to engage with industry experts and the general public to understand their concerns and opinions on the tax reform. He encouraged the government to listen to the people and take their feedback into consideration when implementing policies.
Trovotech Ltd.’s partnership with the Nigeria Youth Organization was motivated by the company’s desire to engage with the youth population, who are driving technological advancements in the country. Ezenwugo believes that by partnering with the youth, Trovotech Ltd. can promote the adoption of its technology and contribute to the country’s economic growth.
