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Govs Advise Tinubu To Withdraw Tax Reform Bill From NASS

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The National Economic Council, comprising members of the Nigerian Governors Forum has advised the presidency to withdraw the Tax Reforms Bill from the National Assembly.

They made the appeal hinging it on the need to allow for wider consultations and consensus building among stakeholders.

Oyo State Governor, Seyi Makinde, said this formed part of resolutions reached at the 144th meeting of the National Economic Council at the State House, Abuja.

Read Also: Tax Reform Bill Is Not Against Northerners – Presidency

Makinde explained that the Council members resolved that it was necessary to allow for consensus building and understanding of the bill among Nigerians.

Recall that the Federal Executive Council recently presided over by President Bola Tinubu had endorsed the new policy initiatives to streamline Nigeria’s tax administration processes.

While the Federal Government believes the new laws are meant to enhance efficiency and eliminate redundancies across the nation’s tax operations, the northern elites are not favourably disposed to it.

The reforms emerged after a review of existing tax laws since August 2023.

In other news, the Special Adviser to the President on Information and Strategy, Bayo Onanuga has defended the proposed bill from the Presidency seeking reforms in Nigeria’s tax collection processes.

Recall that the Federal Executive Council, which Tinubu presided, recently endorsed new policy initiatives aimed at streamlining Nigeria’s tax administration processes, enhancing efficiency and eliminating redundancies across the nation’s tax operations.

But the governors of 19 Northern States, under the platform of the Northern Governors’ Forum, at their meeting recently, poked holes in the new derivation-based model for Value-Added Tax (VAT) distribution in the new tax reform bills before the National Assembly.

Chairman of the Forum, Governor Muhammed Inuwa Yahaya of Gombe State presided over the meeting where the northern elites opposed the policy.

Onanuga while reacting on behalf of the President, explained that the reforms emerged after an extensive review of existing tax laws.

 

The Eastern Updates 

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