Tinubu’s Tax Bills Will Support Small Businesses, Poor Nigerians

Deputy Spokesman of the House of Representatives, Philip Agbese, has expressed support for President Bola Tinubu’s proposed tax reform bills, asserting that their implementation will ease the financial burden on poor Nigerians and small businesses.

The four executive tax bills, currently under consideration, have sparked opposition from some of the 36 state governors, who argue that more consultation is needed.

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EKO HOT BLOG reports that among the critics is Borno State Governor, Prof. Babagana Zulum, who has urged his northern counterparts to reject the bills, warning of potential harm to the region’s economy. However, reports indicate that some governors are softening their stance on the matter.

Speaking to journalists in Abuja on Saturday, Agbese urged Nigerians to rally behind the tax reforms, emphasizing that lawmakers prioritize national interest over individual or sectional concerns.

“These bills are not just about lawmakers but about every Nigerian—from top executives to rural farmers. Public policy affects everyone, and these bills, if passed, will revitalize the economy and accelerate the development of critical infrastructure,” Agbese said.

He revealed that the House of Representatives is scheduled to debate the bills on Tuesday and anticipates robust deliberations that will likely lead to their passage. According to Agbese, initial opposition among lawmakers has waned as many have studied the bills and now advocate for their swift approval.

Tax Bills Poor Nigerians

Praising Tinubu’s leadership, Agbese stated, “Nigeria is embracing progressive taxation, which shifts the burden away from the poor and small businesses. This new tax regime will drive economic growth and bring much-needed reforms to our tax administration.”

The debate and potential passage of these bills are seen as a critical step toward economic restructuring in Nigeria, with promises of fostering inclusive growth and funding infrastructure development.