The Nigeria Governors’ Forum (NGF) has expressed its unanimous support for President Bola Tinubu’s four proposed tax reform bills. This endorsement, announced on Thursday, marks a pivotal moment in advancing Nigeria’s economic and fiscal landscape.
In a statement issued on Friday, Presidential spokesman Bayo Onanuga conveyed Tinubu’s gratitude for the NGF’s backing, describing their support as “bold leadership” and a demonstration of unity transcending regional, ethnic, and political divides.
“President Bola Tinubu expresses his appreciation for the Nigeria Governors’ Forum following their unanimous endorsement of the four Tax Reform Bills currently under consideration by the National Assembly,” Onanuga stated.
Tinubu commended NGF Chairman and Kwara State Governor Abdulrahman AbdulRazaq for rallying governors behind the bills. He also praised the Progressive Governors Forum, the Northern Governors Forum, and other groups for achieving bipartisan consensus on the contentious reforms.
The proposed bills, submitted to the National Assembly in October, include:
- Tax Administration Bill
- Nigeria Tax Bill
- Joint Revenue Board Establishment Bill
- Repeal and Replacement of the Federal Inland Revenue Service (FIRS) Act with the Nigeria Revenue Service Act
These reforms aim to modernize Nigeria’s tax laws, improve the country’s investment climate, and promote economic competitiveness. Tinubu described them as “pro-poor” measures designed to prioritize national interests and attract both local and foreign investments.
Despite initial resistance, particularly from northern regions, the NGF’s endorsement followed a meeting with the Presidential Committee on Tax and Fiscal Policy. The presidency lauded the dialogue as a testament to constructive collaboration between federal and state governments.
The National Assembly had previously paused deliberations on the bills to allow for broader consultations. Tinubu urged stakeholders to actively participate in refining the bills through the legislative process.
President Tinubu called on the National Assembly to fast-track the passage of the bills, emphasizing the urgency of implementing reforms to deliver swift economic benefits.
“Updating the country’s outdated tax laws is essential for promoting national growth, harmony, peace, and stability,” he asserted, reaffirming his administration’s commitment to partnering with state governments to achieve these objectives.
Also, The NGF’s endorsement of the tax reform bills signifies a crucial step toward addressing Nigeria’s economic challenges and fostering a favorable investment climate. Meanwhile, As the legislative process unfolds, the Tinubu administration remains committed to collaboration and inclusivity in shaping Nigeria’s fiscal future.
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