Governors Urge Tinubu to Rethink Tax Reform Bill, Calls for Wider Consultation

The National Economic Council (NEC), which includes members of the Nigerian Governors Forum, has advised President Bola Tinubu to withdraw the proposed Tax Reforms Bill from the National Assembly.

This recommendation was made during the 144th NEC meeting held at the State House in Abuja, as announced by Oyo State Governor Seyi Makinde.

The council's decision underscores the importance of engaging in broader consultations and building consensus among various stakeholders before proceeding with such impactful legislation.

Governor Makinde emphasized, "It is necessary to allow for consensus building and understanding of the bill among Nigerians."

The Federal Executive Council, under President Tinubu's leadership, had previously endorsed these new policy initiatives aimed at streamlining Nigeria’s tax administration processes.

The government believes that the reforms will enhance efficiency and eliminate redundancies within the nation's tax operations.

However, the proposed changes have faced opposition, particularly from northern elites who are not in favor of the reforms.

These reforms were developed following a comprehensive review of existing tax laws since August 2023.

Despite the federal government's support, the NEC's recommendation highlights the need for inclusive decision-making in formulating tax policy reforms.

This approach ensures that diverse perspectives are considered, reflecting the necessity for careful deliberation in national economic policies.