Tag: Tax Reform Bills

Proposed Tax Reform: Senate suspends action on controversial Bills

Aminu Imam
Senate suspends action

The 10th Senate has suspended further action and public hearings on the controversial Tax Reform Bills, in order to allow for *broader discussions*. Deputy Senate President, Jibrin Barau, who presided over yesterdays plenary, announced the decision, and explained that the Senate, as the highest legislative body in Nigeria, was committed to resolving issues surrounding the bills through collaboration and dialogue. Barau highlighted that the 10th Senate, like similar bodies globally, has always acted as a stabilising force in times of national disagreement. He emphasised that all efforts would be made…

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Tax Reform: “Grave dangers in Section 77 of Bill for North” – Stakeholder

Aminu Imam
Stakeholder on tax reform

President Bola Ahmed Tinubus Tax Reform Bill, particularly Section 77, has sparked concerns over its potential economic impact on Northern Nigeria. The proposed changes, aimed at restructuring Nigeria’s tax system for efficiency and transparency, could significantly benefit Lagos while reducing revenues for northern states. According to  a recent publication by one Engr. Bashir I. Bashir at the weekend, Northern States face revenue risks under the President’s Bill. Commenting on the proposed VAT re-distribution formula, he said, “The Bill introduces a consumption-based value-added tax (VAT) distribution model, favoring derivation (where VAT…

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Tax Reform: Suspend legislative action, Pantami urges NASS

Aminu Imam
Pantami urges NASS

A former Minister of Communications and Digital Economy, Prof. Isa Ali Pantami, has advised the leadership of the 10th National Assembly to suspend legislative action on the proposed tax reform Bills. The former minister, who stated this yesterday in a post on Facebook  amid controversies surrounding the Bills, also suggested wider consultations on then involving all relevant stakeholders. He noted that the proposed Bills have the potential to transform tax collection administration if improved and implemented in the interest of the nation. Pantami said he personally observed in the proposed…

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Kukah backs Tinubus tax reforms to tackle elite recklessness

Aminu Imam

Catholic Bishop of Sokoto Diocese, Bishop Hassan Kukah, has expressed support for the proposed tax reform Bills introduced by President Bola Tinubu, stating that they have the potential to curb the recklessness of the elite in the country. Speaking on a television programme  yesterday, Kukah asserted that the Bills were what the country needed to catapult it into economic prosperity. According to the controversial cleric, the Bills would halt the fiscal impunity and financial recklessness of the elites. The Bill, which has passed the second reading at the Senate, is…

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