- President Bola Tinubu has reportedly bowed to the pressure of the 19 northern governors and planning to withdraw the controversial Tax Reform Bills
- According to presidential sources, the presidency is withdrawing the bill to provide room for wider consultations
- The northern governors and traditional rulers have kicked against the bill, citing it would make the region poor
The Bola Tinubu presidency plans to withdraw the Tax Reform Bills sent to the National Assembly just two months ago due to controversy surrounding the legislation. The bills, transmitted on September 3, 2024, aimed to reform Nigeria’s tax system but faced opposition from 19 northern governors and traditional rulers.
Sources reveal that the presidency will modify and resubmit the bills to the National Assembly in the future. The National Economic Council (NEC) recommended withdrawing them during its 144th meeting, which was presided over by Vice President Kashim Shettima on Thursday, October 31.
Tinubu to withdraw Tax Reform Bills from the national assembly
Photo Credit: @officialABATSource: Facebook
According to Daily Trust, the sources from the presidency maintained that the withdrawal of the bill was to provide for wider consultations before being resubmitted.
Presidency defends Tax Reform Bills
The presidency had earlier defended the bill, noting that the reforms were for economic development driven by “enhancing taxpayer compliance, strengthening our fiscal institutions and fostering a more effective and transparent fiscal regime.”
The northern governors and monarchs rejected the Tax Reform Bill, citing its potential harm to the North’s interests, particularly the proposed Value Added Tax (VAT) distribution amendment. They argued that VAT should be remitted based on consumption location, not company headquarters.
Governor Inuwa Yahaya of Gombe State emphasized the need for equity and fairness in national policies, ensuring no geopolitical zone is marginalized. Governor Abdullahi Sule of Nasarawa State clarified that the governors’ opposition was not against President Tinubu but rather the potentially unfair VAT bill.
Source: TheTalk.NG
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