fbpx
Tuesday, December 3, 2024
1.2 C
Tallinn

Northern Youth Group Applauds President Tinubu’s Stand on Tax Reform Bills

ABUJA (ChatnewsTV) — The Progressive Northern Youth Forum (PNYF) has lauded President Bola Ahmed Tinubu for rejecting the National Economic Council’s (NEC) recommendation to withdraw Nigeria’s tax reform bills. The NEC, led by Vice President Kashim Shettima, had recently advocated for the withdrawal following discussions with governors from the 19 northern states and key traditional leaders, citing concerns about the reform’s potential regional impact.

In a statement issued by presidential spokesperson Bayo Onanuga, Tinubu emphasized his commitment to allowing the tax reform bills to proceed, urging the NEC to respect the legislative process.

The PNYF, a youth coalition from northern Nigeria, expressed firm support for the president’s decision, challenging the position taken by the Northern Governors’ Forum and calling their stance unrepresentative of the people.

“The Progressive Northern Youth Forum (PNYF) commends President Bola Ahmed Tinubu for rejecting the National Economic Council’s (NEC) recommendation to withdraw the tax reform bills,” said Abdulkadir Bala, PNYF Secretary General, in a statement. “We also want to clarify that the North does not support the Northern Governors’ Forum’s position. Their call for withdrawal does not reflect the true views of our region.”

Bala accused the governors of lacking initiative, stating they rely too heavily on federal allocations rather than fostering local revenue sources. “The governors have consistently shown reluctance to lead and instead prefer federal handouts, squandering the region’s resources. Rather than proposing similar bills to boost internally generated revenue, the governors oppose efforts to reduce dependency on federal allocations,” he added.

PNYF argued that the governors had an opportunity to influence the legislative process but instead opted for a withdrawal. “If the governors genuinely cared about their constituents, they would have offered constructive input rather than calling for a pullback of these bills,” Bala said.

Questioning the governors’ motivations, he continued, “What is the Northern Governors’ Forum afraid of? They want to keep relying on federal funding without developing revenue-generating initiatives of their own. There is no evidence that these governors have effectively used the allocations they receive from the federal government.”

Bala urged the governors to stop opposing “people-oriented” bills and warned of potential public backlash if they continue to undermine policies aimed at economic independence. “The people may soon feel compelled to demand their impeachment or resignation if they continue to shirk their responsibilities,” he added.

The PNYF reaffirmed its backing for the tax reforms, viewing them as necessary for modernizing Nigeria’s tax system and aligning it with international standards. “The North fully supports the tax reform bills, which will streamline Nigeria’s tax administration and overhaul the system,” the statement concluded.

Hot this week

Kano Assembly Opposes Tinubu’s Tax Reform Bills

Agency Report The Kano State House of Assembly on Monday...

Unlocking Tanzania’s Entrepreneurial Potential for a Dynamic Future

By Christine Grau, European Union Ambassador to Tanzania and...

IFC Finances $19.4 Million Anchor Investment in Boxer Retail’s Public Listing in South Africa

Johannesburg, South Africa, December 3, 2024 – International Finance Corporation...

Kallas Vows Unified European Support for Ukraine in Meeting with Zelenskyy

KYIV, Ukraine — Estonian High Representative and Vice President...

EU Council Calls for Action to Tackle Labour and Skills Shortages

BRUSSELS (CHATNEWSTV) — The Council of the European Union...

Latest

Kano Assembly Opposes Tinubu’s Tax Reform Bills

Agency Report The Kano State House of Assembly on Monday...

Unlocking Tanzania’s Entrepreneurial Potential for a Dynamic Future

By Christine Grau, European Union Ambassador to Tanzania and...

IFC Finances $19.4 Million Anchor Investment in Boxer Retail’s Public Listing in South Africa

Johannesburg, South Africa, December 3, 2024 – International Finance Corporation...

Kallas Vows Unified European Support for Ukraine in Meeting with Zelenskyy

KYIV, Ukraine — Estonian High Representative and Vice President...

EU Council Calls for Action to Tackle Labour and Skills Shortages

BRUSSELS (CHATNEWSTV) — The Council of the European Union...

2024 most challenging year for Nigerian workers — NLC

The Nigeria Labour Congress, NLC, has described 2024 as...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

IFC Finances $19.4 Million Anchor Investment in Boxer Retail’s Public Listing in South Africa

Johannesburg, South Africa, December 3, 2024 – International Finance Corporation (IFC) has invested ZAR 350 million ($19.4 million) as a cornerstone investor in leading discount...

IFC Issues 700 Million Australian Dollar Green Kangaroo Bond to Promote Biodiversity in Emerging Markets

Washington, D.C., December 3, 2024—IFC, a member of the World Bank Group, issued a green bond in the Kangaroo market, raising 700 million Australian...

Ebonyi Governor Issues 72-Hour Ultimatum to Striking Workers

ABAKALIKI, Nigeria (CHATNEWSTV) — Ebonyi State Governor Francis Nwifuru has given state workers 72 hours to resume work or face dismissal, following a warning...

Garlands of Honour as CAC Babandede, WACT Bags Awards at CGC’s 2024 Award Night

By Bon Peters   It was garland of honour for the Nigeria Customs Service Area 11 Command and the West African Container Terminal WACT both in...

‘Publish Names of Contractors Who Disappeared With N167bn Meant For 31 MDAs’, SERAP Tells Tinubu

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu "to direct the Minister of Finance and Coordinating Minister of the Economy, Olawale...

UBA Begins Banking Operations In France

As part of President Bola Tinubu’s state visit to France, Chairman of UBA Group, in the presence of Tinubu and the President of France,...

Zenith Bank Expands Globally with New Paris Branch Opening

Zenith Bank Plc has expanded its global footprints with the opening of Zenith Bank (UK), Paris Branch. The official commissioning, which took place on Wednesday,...

FX Matching System, Remittances Crucial for Naira Stability – Cardoso

Agency Report The Central Bank of Nigeria, CBN, has assured that the Naira’s true value will be restored with the introduction of an electronic FX...

EU Files Complaint Against China Over Anti-Dumping Duties on Brandy Imports

GENEVA (CHATNEWSTV) — The European Union has officially requested dispute consultations with China through the World Trade Organization (WTO) concerning China's imposition of provisional...