Senate Finally Suspends Discussion on Tinubu's Tax Reform Bills, Gives Reason

• The Senate has announced the suspension of the tax reform bills proposed by President Bola Tinubu to the National Assembly
• Jibrin Barau, the deputy senate president, announced the development on Wednesday, December 4, adding that it was to provide more room for consultations
• According to Barau, the Senate has set up a committee to meet with the Ministry of justice and the executive on the bill

The Nigerian Senate has suspended action on President Bola Tinubu's tax reform bills due to their controversy. The Senate has instructed its Committee on Finance to pause further actions on public hearings and other matters related to the tax reform bills until the issues are resolved. This decision was made known by the Deputy Senate President, Jibrin Barau, who presided over the plenary session on Wednesday, December 4.

Recall that the tax reform bills have been met with opposition from various stakeholders, including Northern governors, who have rejected the bills, describing them as anti-democracy. The National Economic Council has also requested that the tax reforms bill be withdrawn from the National Assembly for more consultations. Senator Shehu Buba has stated that Northern Senators have agreed to recall the Tax Reforms Bills, citing the need for a thorough review by tax policy experts.

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Why Senate suspends debate on tax reforms bills

Barau stated that the Senate has constituted a special committee to meet with the executive branch and work with the Federal Government to resolve the issues surrounding the tax reform bills. This committee will hold a forum with stakeholders, including the Attorney General of the Federation, to address all areas of disagreement and ensure the interests of all parties are addressed.

The Deputy Senate President also emphasized the need for dialogue and consensus in resolving the issues surrounding the tax reform bills. He noted that the Senate has consistently provided solutions to national challenges through dialogue and consensus since 1999.

The committee established by the Senate will meet with the Attorney General on Thursday, December 5, to address the issues surrounding the tax reform bills. The Senate Committee on Finance has been directed to pause further actions on public hearings and other matters related to the tax reform bills until the issues are resolved.

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Tax reform bills: Tinubu order justice ministry

Legit.ng earlier reported that 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 it was passed.

The tax reform bill has become controversial since it was forwarded to the National Assembly in October.

Source: Legit.ng