fbpx
Thursday, November 7, 2024
32.1 C
Abuja

Governors Urge Presidency to Withdraw Tax Reforms Bill for Wider Consultation

ABUJA – The National Economic Council (NEC) has urged the presidency to withdraw the recently proposed Tax Reforms Bill from the National Assembly, citing a need for broader consultations and consensus-building among stakeholders. This call was made following the 144th NEC meeting at the State House in Abuja, attended by members of the Nigerian Governors Forum (NGF).

Oyo State Governor, Seyi Makinde, who addressed the press after the meeting, noted that the decision was made to foster greater understanding and alignment on the bill across Nigeria.

“We believe that allowing time for wider consultation will ensure that all stakeholders are on the same page regarding this bill,” Makinde said.

 

“It’s essential that Nigerians understand and agree on any reforms that impact the nation’s tax system.”

 

The Federal Executive Council (FEC), chaired by President Bola Tinubu, had previously endorsed the tax reform initiatives as part of an effort to streamline Nigeria’s tax administration and eliminate redundancies. However, the reforms have sparked resistance, particularly among northern elites, who have voiced concerns about potential impacts on regional economies.

The proposed reforms, introduced in August 2023, aim to overhaul and modernize existing tax laws. According to the Federal Government, the measures are designed to enhance efficiency within Nigeria’s tax operations and reduce waste.

Hot this week

President Tinubu Directs National Flag To Be Flown At Half Mast In Honour of Late Lagbaja

President Bola Tinubu has directed that National flag be...

President Tinubu Promotes Acting COAS Oluyede To Lieutenant General

President Bola Tinubu has decorated the acting Chief of...

Chief of Army Staff Lagbaja Dies At 56

The Presidency has announced the passing of Chief of...

Former Estonian Prime Minister Kallas Congratulates Trump, Stresses U.S.-EU Unity on Global Challenges

Former Estonian Prime Minister Kaja Kallas extended congratulations to...

President Tinubu Congratulates Trump, Seeks Stronger U.S.-Nigeria Partnership

Abuja (ChatnewsTV) — Nigerian President Bola Tinubu extended his...

Latest

President Tinubu Promotes Acting COAS Oluyede To Lieutenant General

President Bola Tinubu has decorated the acting Chief of...

Chief of Army Staff Lagbaja Dies At 56

The Presidency has announced the passing of Chief of...

Former Estonian Prime Minister Kallas Congratulates Trump, Stresses U.S.-EU Unity on Global Challenges

Former Estonian Prime Minister Kaja Kallas extended congratulations to...

President Tinubu Congratulates Trump, Seeks Stronger U.S.-Nigeria Partnership

Abuja (ChatnewsTV) — Nigerian President Bola Tinubu extended his...

Estonian President Karis Congratulates Trump, Pledges Continued Alliance with U.S.

Tallinn (ChatnewsTV) —Estonian President Alar Karis extended his congratulations...

EU Chief von der Leyen Congratulates President-Elect Trump, Calls for Strong Transatlantic Partnership

Brussels (ChatnewsTV) — European Commission President Ursula von der...

FG Reverses 18-year Admission Age For Tertiary Institutions

The Minister of Education, Dr Tunji Alausa has reversed...
spot_img

Related Articles

Popular Section

spot_imgspot_img