HOUSE Of REPS HOLD INTERACTIVE SESSION ON TINUBUS TAX REFORM BILLS

HOUSE Of REPS Hold INTERACTIVE SESSION On TINUBUS TAX REFORM BILLs
The Federal Law Maker Representing Fufore/Song Constuency Attended An Interaction Session On President Federal Republic Of Nigeria Alh Ahmed Bola Tinibu On Tax Reform Bill.
The interactive session, begins at 10:00 am at the Temporary Chamber of the House, will provide members an opportunity to seek clarifications, pose critical questions, and gain deeper insights into the tax reform bills Rotimi explained.
The session is part of efforts to enhance the legislative process and address public concerns about the bills’ implications on fiscal policy and governance.
President Tinubu submitted four bills in October 2024: the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.
While some economists have supported the reforms for their potential to boost government revenue, others, including the Northern Nigeria Governors’ Forum and the National Economic Council, have criticized aspects of the proposals, particularly the value-added tax derivation model.
Despite opposition, Tinubu has urged that the bills follow normal legislative proceedings to allow necessary inputs and adjustments.

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has defended the proposals, emphasizing their goal of creating a fairer tax system.

The outcome of Monday’s session shape the trajectory of these critical reforms

Abubakar Sali
Boya Moving Train

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