Prince Paul Ikonne, a prominent figure in the All Progressives Congress (APC), has publicly criticized Abia State Governor Alex Otti for implementing what he describes as oppressive tax policies that are straining traders in Aba, a vital commercial center in southern Nigeria. In a statement issued on Wednesday through his spokesperson, Ujo Justice, Ikonne expressed deep concern over the economic burden placed on Aba’s traders, warning that the governor’s policies could jeopardize the city’s role as a bustling hub of commerce.
According to Ikonne, traders in Aba’s Ariaria market, one of the largest markets in Nigeria, are now required to pay over N36,000 annually per shop, a significant increase from the previous N18,000. With more than 88,000 shops in Ariaria alone, this tax hike translates to an estimated N3.1 billion collected annually from traders. Ikonne argued that such a steep increase is unsustainable, particularly given the economic hardships facing many Nigerians. “Aba traders are the heartbeat of commerce in southern Nigeria, and these excessive taxes risk stifling their businesses and driving the local economy to the brink of collapse,” he stated.
Ikonne’s criticism extends beyond taxation. He also called for greater transparency from Otti’s administration regarding the expenditure of N54 billion reportedly allocated to the renovation of 51 schools across Abia State. Questioning the accountability of these funds, Ikonne urged the governor to provide clear evidence of the renovations, stating, “Governor Otti must demonstrate accountability and show the people of Abia the 51 schools allegedly renovated with such a substantial amount.”
The APC chieftain’s remarks highlight growing tensions between political leaders and the state government over economic policies and public spending. Aba, known for its vibrant markets and entrepreneurial spirit, remains a critical economic engine for the region, and Ikonne’s statement underscores concerns about the potential impact of these policies on local traders and the broader economy.
As the debate continues, Ikonne’s criticisms are likely to fuel discussions about fiscal responsibility and governance in Abia State, with many awaiting the governor’s response to these allegations.
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