Public Hearing On Tinubu’s Tax Reform Bills Hold February 24

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The Senate will begin a two-day public hearing on the four tax reform bills presented by President Bola Tinubu, which have generated intense debate in the country.

Although Tinubu has said that the reform will improve the nation’s tax administration, most Nigerians including state governors under the aegis of the National Economic Council had opposed key aspects of the bill, forcing the Senate to step it down for further consultation.

“We intend to take on two of the bills each day of the session for the press to be fully abreast with what we intend to do.

“The bills are the Nigeria Tax Bill, 2024 Nigeria Tax Administration Bill, Nigeria Revenue Service Establishment Bill and Joint Revenue Board Establishment Bill.”

According to him, the bills will overhaul tax administration and revenue generation in the country, as many of the provisions are landmark in nature.

Musa stated that the committee members had studied the bills and robustly engaged with several stakeholders before deciding to hold the public hearing.

He expressed the belief that the public hearing would go well in spite of the initial opposition.

“It is our duty as legislators to do the needful for the good of this country. We are all representatives of different tribes, religions, geography and we are Nigerians.

“What we will work towards giving Nigerians are laws that will put us on track economically, and by the grace of God, we will succeed.”

He therefore assured that the National Assembly would at the end of the day, produce legislation on tax administration that would be acceptable to Nigerians.

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