Nigeria's House of Representatives has on Monday announced an interactive session to discuss President Bola Ahmed Tinubu's tax reform bills. The session is scheduled for the same day at 10:00 am in the Temporary Chamber of the House of Representatives.
Akin Rotimi, the Spokesman of the House, emphasized that this engagement aims to provide a platform for Members of the House to directly interact with the principal promoters of the tax reform bills from the executive arm of government.
This interaction is crucial for seeking clarifications, posing critical questions, and gaining deeper insights into the proposed reforms, which are important for strengthening the legislative process and enhancing Members' contributions to the deliberations on these bills.
The announcement comes amid controversy surrounding Tinubu’s tax reform bills, which were sent to the National Assembly on October 3, 2024. These include the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.
Notably, the Northern Nigeria Governors’ Forum and the National Economic Council have opposed the proposed value-added tax derivation model in the Nigeria Tax Bill. Despite these oppositions, President Tinubu has insisted that the bills undergo normal proceedings at the National Assembly to incorporate necessary inputs.
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, explained that the reforms aim to establish a fairer tax system in Nigeria. Some Nigerian economists support Tinubu, arguing that the bills would boost the country’s revenue.
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