The House of Representatives is set for an intense round of deliberations next week as lawmakers from various political parties engage in discussions regarding the four tax reform bills transmitted by President Bola Tinubu.
These crucial bills, which form part of the president’s broader fiscal reforms, are poised to significantly reshape Nigeria’s tax system.
The party caucuses in the House will meet on Saturday to continue their analysis of the bills, with state caucuses scheduled to meet on Monday.
The series of consultations aim to ensure that members are adequately informed ahead of Tuesday’s plenary, where the bills are expected to dominate discussions.
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Deputy Spokesman of the House, Mr. Philip Agbese, emphasized the importance of these meetings, stating, “The 10th House comprises lawmakers elected across eight political parties.
On Saturday, the party caucuses will continue deliberations on these bills, followed by the state caucuses meeting on Monday. These sessions are crucial for equipping members with a solid understanding of the proposed reforms, enabling them to contribute more meaningfully during the plenary.”
The four bills, first presented by President Tinubu in September 2024, are aimed at transforming the nation’s taxation system.
They include the Nigeria Tax Bill 2024, which outlines the fiscal framework for taxation, the Tax Administration Bill to clarify tax legalities, the Nigeria Revenue Service Establishment Bill to replace the current Federal Inland Revenue Service Act, and the Joint Revenue Board Establishment Bill, which will establish a tax tribunal and ombudsman.
Despite widespread support within the legislative chamber, the bills have faced strong opposition from state governors, who have demanded further consultations. Governor’s concerns stem from fears that the bills could undermine state autonomy in tax matters.
However, Agbese has expressed confidence that after thorough consultation, a consensus will be reached, and the bills will eventually be passed.
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“Support and opposition to the bills are not confined to party lines, We have supporters in both the ruling APC and opposition parties. These bills are about strengthening the nation’s economy, not about politics. With continuous consultations, we are optimistic about building the necessary consensus.” he explained.
In a bid to facilitate further debate, the House will hold a public hearing once the bills progress to the second reading, according to key lawmakers.
Notably, opposition member Oluwole Oke from Osun State has called for the bills to be passed through the second reading, allowing Nigerians the opportunity to provide input on the proposed changes.
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