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On Tuesday, the House of Representatives’ Finance Committee submitted a report summarizing deliberations from a public hearing regarding four tax bills. President Bola Tinubu had forwarded these bills to the National Assembly in October 2024.
In a significant legislative development, four executive bills that initially encountered robust resistance from the 36 state governors and northern representatives in the House of Representatives have progressed through an intensive week-long public hearing in both chambers of Nigeria’s National Assembly.
During Tuesday’s plenary session, James Abiodun Faleke, Chairman of the House Committee on Finance, submitted the committee’s report for deliberation. The proposed laws, having undergone rigorous scrutiny, are now poised for final review and approval in both the House and Senate, after which they will be transmitted to the President for formal assent.
Ahead of the report’s presentation, the Finance Committee convened a private meeting with the House leadership, underscoring the meticulous preparations surrounding the bills’ consideration.
Read also: FG, Senate Collaborate On Tax Bills, Public Input Sought
Meanwhile, in the upper chamber, Senate President Godswill Akpabio updated lawmakers on the status of the legislation. He explained that the Senate Committee on Finance was still refining its work on the bills, with members scheduled to reconvene at the Zuma Resort in Madalla, Niger State. There, they will conclude their discussions and prepare a comprehensive report for submission to the Senate next week.
This ongoing process reflects the intricate balance of consultation and debate shaping Nigeria’s legislative agenda, as lawmakers edge closer to a decisive vote on these contentious measures.
