Tinubu Makes Fresh Move on Tax Reform Bills, Gives Order to Ministry of Justice

• President Bola Tinubu has ordered the Ministry of Justice to work with the National Assembly on the concerns raised on the tax reform bill
• Tinubu's directive was to ensure that all genuine concerns about the bill were addressed before the passage of the bill
• The tax reform bill has become controversial since it was forwarded to the National Assembly in October

President Bola Tinubu has directed the Ministry of Justice to work with the National Assembly to address concerns over the tax reform bills.

The presidency said this is to ensure all genuine concerns are addressed before the bills are passed. The presidency also said robust nationwide debate on the new tax reform bills is welcomed and commendable, as it reflects the essence and meaning of democracy.

The president emphasized that President Tinubu would always act in the interest of the Nigerian people, adding that the fiscal reforms, including four tax bills, are designed to relieve tens of millions of hardworking Nigerians nationwide.

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The government has assured that the tax reform bills would not impoverish any state or region of the country. Instead, the presidency said they would facilitate increased revenues without imposing additional tax burdens on the people.

The government also said the reforms would allow citizens to demand and enjoy greater accountability in managing public resources at all levels of government.

According to a statement from the Ministry of Information, President Tinubu has been implementing an ambitious fiscal reform agenda that will devolve more resources to Nigeria's state and local governments and, ultimately, to the Nigerian people.

The statement said the government has nothing sinister to warrant the suggestion that the process is being rushed. It added that the federal government welcomes meaningful inputs to address the bills' grey areas in line with established legislative procedures.

See the statement here:

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Highlights of tax reform bills

Legit.ng earlier reported that Tinubu's administration released 13 highlights of the president's tax reform bills, which were earlier sent to the national assembly.

The presidency argued that the current tax system is overly complex and stifles growth, resulting in low revenue.

Sunday Dare, the president's special adviser on public communication and orientation, stated that the tax reform will help promote sustainable economic growth.

Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.

Source: Legit.ng