BREAKING: Senate Announces New Committee to Review Tax Reform Bills

The Nigerian Senate has formed a committee to address the unclear aspects of the widely debated Tax Reform Bills, with the goal of providing a comprehensive report before the public hearing on the legislation.

EKO HOT BLOG reports that the committee will be chaired by the Minority Leader, Senator Abba Moro (PDP, Benue South).

The announcement was made by Deputy Senate President, Barau I. Jibrin (APC, Kano North), during a plenary session on Wednesday.

Presiding over the session, Barau acknowledged the controversies surrounding the bills and revealed that the committee’s mandate includes consultations with the Attorney General of the Federation (AGF), the executive, and other critical stakeholders.

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On October 3, 2024, President Bola Ahmed Tinubu submitted four tax reform bills to the National Assembly, as outlined in a letter read by Senate President Godswill Akpabio and House of Representatives Speaker, Hon. Tajuddeen Abbas, during separate sessions.

Senate

The President stated that the bills are designed to strengthen Nigeria’s fiscal institutions and support his administration’s broader developmental agenda for the country.

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However, the bills have faced significant opposition from several groups, including governors, traditional leaders, civil society organizations, and some federal lawmakers.

Barau also named Senators Titus Zam (APC, Benue North West), Orjir Uzor Kalu (Abia North), Sani Musa (APC, Niger East), and Abdullahi Yahaya (Kebbi North), among others, as members of the newly formed committee.

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