Tag: Tax Reform Bills

Tax reforms Bills: “Govs. limited knowledge responsible for criticism” – Oyedele 

Aminu Imam
Oyedele on tax reform

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, yesterday advised critics of President Bola Tinubu’s Tax Reform Bills to study the documents for informed opinions. Recall that Tinubu on October 3 last year transmitted his four tax reform Bills to the 10th National Assembly for approval. They consist of: the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill. Since he unveiled the Bills, Tinubu has come under intense criticism, particularly from…

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Tax reform Bills:”I stand by my comment” – Bauchi Gov. replies Presidency

Aminu Imam
Bauchi Gov. replies

…Says he can’t be threatened Bauchi State Governor, Bala Mohammed, on Tuesday sent an unequivocal reply to the Presidency, saying he stands by his comment on the proposed tax reform Bills by President Bola Tinubu. “I cannot be threatened as a governor. I stand by my comments. It is not meant to malign, insult or to do anything to the contrary other than mean well,” Mohammed said, during a television programme on 2024 Year-end review. The chairman of the Peoples Democratic Party (PDP) Governors’ Forum warned that the Presidency should…

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Northern politicians ask Tinubu to reconsider tax reform Bills

Aminu Imam
Northern politicians

Some northern politicians have advised President Bola Tinubu to respect the position of the National Economic Council on the controversial tax reform Bills. Recall that President Tinubu declared last Monday that the tax reforms had come to stay, ruling out the possibility of withdrawing them from the 10th National Assembly as the governors had demanded. However, Northern members of the 10th NASS, the League of Northern Democrats, (LND), and the Northern Elders’ Forum, (NEF), have expressed dismay with President’s insistence that there will be no reversal on the controversial tax…

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RMAFC challenges Tinubus tax reform Bills

Aminu Imam
RMAFC challenges

The Revenue Mobilisation, Allocation and Fiscal Commission, (RMAFC), has challenged the constitutionality of proposals made by President Bola Tinubu in his proposed tax reform Bills. The RMAFC is said to have submitted a 9-page Memorandum, in which it opposed the tax reform proposals as submitted to the 10th National Assembly by President Tinubu. It was gathered that the RMAFC, in challenging the tax reform proposals, argued that the Commission is the only body constitutionally empowered to determine revenue-sharing between the three-tiers of government in Nigeria. According to reports, the Memorandum,…

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Youre confusing yourselves with tax reform Bills Ndume tells Presidency

Aminu Imam
Ndume tells Presidency

Senator representing Borno-South, Ali Ndume, has reiterated his stance on President Bola Tinubus tax reform Bills, emphasising that the timing is wrong. Ndume, who had earlier condemned the bills, argued that the focus should be on governance reforms before tax reforms. In a published interview yesterday, Ndume expressed his concern, stating, This issue of VAT and derivation is one of the major issues in the bills. Also, why introduce a taxing system instead of solving critical issues like problems with the budget? The Senator pointed out that the country spends…

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Tax Reform Bills: Northern lawmakers stand firm, as regional concerns deepen

Aminu Imam
Northern lawmakers on Tax

Amid growing regional tensions over the proposed tax reform Bills, Northern lawmakers have intensified their efforts to safeguard the regions interests.  The League of Northern Democrats (LND) has formed a technical committee to scrutinise the Bills, citing potential risks to Northern economic and social stability. The LNDs spokesman, Dr Ladan Salihu, revealed that the committee, composed of legal, financial, and legislative experts, has a one-week deadline to recommend amendments that ensure justice and equity. This initiative underscores our commitment to promoting national unity and protecting the developmental interests of our…

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Tax Reform Bills: RKRG cautions against bypassing constitutional process on proposed VAT sharing formula

Aminu Imam
RKRG cautions on VAT

Advocates equity in distribution The Renewed Kaduna Restoration Group, (RKRG), a nonpartisan organization advocating for good governance, has raised concerns regarding the proposed amendment to the Value-Added Tax (VAT) sharing formula under the Tax Reform Bill currently under consideration by the 10th National Assembly. In a statement issued yestetday, signed by its chairman, Alhaji (Dr.) Ahmed Tijjani Ramalan, the RKRG emphasized that any changes to the VAT distribution framework must strictly adhere to Nigeria’s constitutional provisions. The group cited Sections 1(1), 153(1)(n)(2), and 162 of the Constitution, which assign the…

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League of Northern Democrats inaugurates technical committee to review tax reform Bills

Aminu Imam
League of Northern Democrats

In a bid to address growing concerns over the Tax Reform Bills currently before the 10th National Assembly, the League of Northern Democrats (LND) has announced the inauguration of a Technical Committee to undertake a detailed review of the proposed legislation. The committee, comprising legal, accounting, legislative, and academic experts from Northern Nigeria, is tasked with conducting a clause-by-clause analysis of the four tax reform Bills. Their objective is to ensure the proposed laws uphold principles of justice, equity, and prosperity while safeguarding the developmental interests of the region. Speaking…

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‘Senate wont withdraw Tinubus tax reform Bills’ Akpabio

Aminu Imam
Senate President Akpabio

…Says North cant intimidate them The 10th Senate has firmly refuted claims that the controversial tax reform Bills have been withdrawn or suspended, emphasising that the Bills remain under active consideration. Senate President Godswill Akpabio clarified the matter during Wednesdays plenary, following concerns raised by Senate Leader Michael Bamidele Opeyemi over media misrepresentation of legislative proceedings. Opeyemi highlighted reports suggesting that the Senate was confused about the bills, leading to their suspension. He criticized a news segment on Arise Television, where it was claimed the bills had been withdrawn, a…

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Arewa Broadcast Media Practitioners Forum calls for withdrawal of proposed VAT Bill

Aminu Imam
Arewa Broadcast Forum

…Urges further stakeholders’ consultation The Arewa Broadcast Media Practitioners Forum, a collective of media professionals from Northern Nigeria, has expressed strong reservations over the proposed Value-Added Tax (VAT) bill currently before the National Assembly.  In a statement signed by its Chairman, Abdullahi Yelwa (Ajiyan Yauri), has urged President Bola Ahmed Tinubus administration to withdraw the Bill for further consultations, citing concerns over its potential impact on the Northern region and the countrys economic balance. The Forum highlighted that while some aspects of the Bill, if implemented judiciously, may generate much-needed…

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