By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: NEC Urges Tinubu to Withdraw Tax Reforms for Broader Consultations
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | NEC Urges Tinubu to Withdraw Tax Reforms for Broader Consultations

Business

NEC Urges Tinubu to Withdraw Tax Reforms for Broader Consultations

Olaitan Sodiq
Olaitan Sodiq
Published: June 5, 2025
Last updated: June 5, 2025
2 Min Read
Share
NEC Urges Tinubu to Withdraw Tax Reforms for Broader Consultations | Daily Report Nigeria
Pic 15 From left. Permanent Secretary, Federal Ministry of Budget and Economic Planning, Dr Emeka Obi; Minister of Budget and National Planning, Abubakar Bagudu; Minister of Finance and Coordinating Minister of the Economy, Wale Edun and Vice President Kashim Shettima during National Economic Council Meeting at the Presidential Villa in Abuja on Thursday (31/10/2024). 0389/OCTOBER/31/10/2024/Sumaila Ibrahim/ICE/NAN
SHARE

The National Economic Council (NEC) has called on President Bola Tinubu to withdraw the Tax Reform Bills currently before the National Assembly, citing the necessity for wider consultations and consensus building among stakeholders.

During the 144th NEC meeting held at the State House in Abuja, Oyo State Governor Seyi Makinde conveyed the council’s resolution, emphasizing that it is essential for the proposed reforms to be better understood by the public. “NEC noted the need for sufficient alignment on the proposed reforms and recommended the withdrawal of the tax reform bills,” Makinde stated.

 

The decision to request the withdrawal follows concerns raised by the Northern Governors, who expressed opposition to the reform bills at their meeting on October 28, 2024. They argued that the new derivation-based model for Value-Added Tax distribution undermines the interests of the Northern states.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO: Power Restored to Northern States After Nine-Day Outage

Makinde highlighted that the NEC’s recommendation aims to facilitate deeper discussions surrounding the bills. “We saw the gap and decided that there is a need for wider consultation,” he added.

The proposed reforms, which are meant to streamline Nigeria’s tax administration and eliminate redundancies, have faced scrutiny since their introduction.

Despite the Federal Executive Council endorsing these new policy initiatives, the prevailing discontent among various regional stakeholders raises questions about their implementation.

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:NECPresident Bola Ahmed TinubuTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

After 12 Years, Morayo Afolabi-Brown Steps Down from TVC Communications | Daily Report Nigeria
After 12 Years, Morayo Afolabi-Brown Steps Down from TVC Communications
News
Thomas Partey Freed on Bail Over Rape Charges | Daily Report Nigeria
Thomas Partey Freed on Bail Over Rape Charges
Sports
BBNaija S10 Introduces ‘Most Influential Player’ Twist | Daily Report Nigeria
BBNaija S10 Introduces ‘Most Influential Player’ Twist
Entertainment
Fela Died Poor Despite Making a Lot of Money — Madé Kuti Reveals | Daily Report Nigeria
Fela Died Poor Despite Making a Lot of Money — Madé Kuti Reveals
Entertainment
CHAN 2024: Nigeria, Senegal Lock Horns in Group D | Daily Report Nigeria
CHAN 2024: Nigeria, Senegal Lock Horns in Group D
Sports

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Fire Razes Popular Maciver Market in Delta
Metro

BREAKING: Fire Razes Popular Maciver Market in Delta

January 23, 2025
Super Eagles
Sports

Eguavoen Names 23-Man Squad for Super Eagles’ AFCON Qualifiers

June 15, 2025
Dangote refinery
Business

Oil Marketers Complaining to Tinubu over Price Drop – Dangote Refinery

June 9, 2025
Ghanaian Music Legend Teddy Osei Dies At 88
News

Ghanaian Music Legend Teddy Osei Dies At 88

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?