Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has listed ways Tax Reforms will benefit Nigerians. Through a post on his X account on Monday, December 9, Oyedele highlighted ways households and individuals including the youth, small businesses, businesses and investments, high income earners and HNIs and subnational governments…
All senators from the south-south geopolitical zone in the 10th Senate have endorsed the tax reform bills currently under consideration by the National Assembly. In a communiqué released in Abuja, the senators also expressed unwavering confidence in Senate President Godswill Akpabio. Their support for the Tax Bills came amid resistance from certain quarters calling for…
GISTSMATE MEDIA reports that the Senate has suspended action on the tax reform bills currently before it. It further instructed the Committee on Finance to stay action on the public hearing pending the time the agitation in the public space is addressed. The Senate further constituted a special committee to meet with the executive branch…
President Bola Tinubu has directed the Federal Ministry of Justice and the National Assembly to work on concerns raised over the tax bills. Criticisms have greeted Tinubu’s transmission of the Tax Reform Bills to the National Assembly. The move has pitted the president against some governors with the most vocal criticism coming from the northern…
The four tax reform bills are not against the interest of the North, the Presidency said yesterday. Apart from refuting the claims that the bills will undermine the economy of any region, the Presidency also clarified that the reforms are designed to streamline tax administration and promote equitable economic development across the country. The bills…
Former Speaker of the House of Representatives, Yakubu Dogara, on Monday night asked Nigerian governors to air their views and make recommendations where necessary on the controversial Tax Reform Bills rather than attempting to stop the proposed laws. Dogara insisted that the bills cannot be shut down on account of timing and alleged non-consultation of…
The controversy triggered by President Bola Ahmed Tinubu to reform Nigeria’s tax regime is not about to go away. The reform controversy dominated the headlines for most of last week as the Senate debated the four bills Tinubu had sent to the National Assembly to effect fundamental changes in the tax regime. The Senate debate…
Former Vice President Atiku Abubakar has finally spoken out on the contentious tax reform bills proposed by President Bola Tinubu. Atiku’s statement comes on the heels of the National Economic Council’s (NEC) recommendation to withdraw the Tax Reforms Bill, which is currently before the National Assembly. In a statement released on Sunday, Atiku cited the…
Governor Babagana Umara Zulum of Borno State has criticised the tax reform bills, saying it will drag the northern part of the country backward. The bills, transmitted to the National Assembly by President Bola Ahmed Tinubu in September, have faced stiff opposition, especially from the north, with stakeholders calling for its withdrawal. Daily Trust had…
GISTSMATE MEDIA reports that the Nigerian Senate has passed the Tax Reform Bills proposed by President Bola Tinubu. The bills, which were presented by Senate Leader Opeyemi Bamidele, were passed after a closed-door session that lasted over an hour. The Tax Reform Bills are aimed at overhauling Nigeria’s tax system to drive revenue generation, simplify…