Governors Urge Tinubu to Withdraw Tax Reform Bill from National Assembly

Nigerian governors, at an NEC meeting, have advised President Tinubu to halt the tax reform bill in the National Assembly to address regional concerns and refine its approach.

The National Economic Council, which includes members of the Nigerian Governors Forum, has recommended that the presidency retract the Tax Reforms Bill from consideration in the National Assembly.

They based the appeal on the necessity of enabling broader consultations and consensus-building among stakeholders.

Governor Seyi Makinde of Oyo State stated that this was part of the decisions made during the 144th meeting of the National Economic Council at the State House in Abuja.

Makinde stated that the Council members agreed it was important to encourage consensus building and comprehension of the bill among Nigerians.

Remember that the Federal Executive Council, recently led by President Bola Tinubu, approved new policy initiatives to streamline Nigeria’s tax administration processes.

Although the Federal Government claims that the new laws aim to improve efficiency and reduce redundancies in the nation’s tax operations, they are not well-received by northern elites.

The reforms were introduced following a review of current tax laws that began in August 2023.
Peoplesmind

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