Sunday, February 16, 2025

Senate Reaffirms Push for Tax Reform Bills, Vows Independence and Transparency

The Nigerian Senate has pledged unwavering commitment to advancing tax reform bills, emphasizing their potential to benefit citizens nationwide. Senate President Godswill Akpabio assured lawmakers during Thursday’s plenary that deliberations on the bills remain active, countering claims of suspension or withdrawal.

“The Senate cannot be bullied,” Akpabio declared, dismissing external pressures to abandon the reforms. “Any change that serves Nigerians’ interests will proceed. These bills are crafted to benefit the public.”

The Tax Reform Bills, submitted by President Bola Tinubu in October, have faced resistance, particularly from Northern stakeholders. To address concerns, the Senate has formed a special committee, chaired by Senator Abba Moro, to engage the Attorney General of the Federation (AGF), Lateef Fagbemi, and resolve contentious issues.

“We are conducting thorough consultations with governors, business leaders, and religious leaders,” Akpabio said. “If six weeks aren’t enough, we’ll extend the timeline. Transparency and addressing concerns are our priorities.”

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Deputy Senate President Jibrin Barau noted that collaboration with the executive arm reflects a shared understanding of the need to resolve disagreements. “We aim to ensure clarity and consensus before public hearings,” he said.

Senate Leader Opeyemi Bamidele warned against misinformation on social media and urged Nigerians to trust official updates. “We remain steadfast in our duties and won’t be swayed by external pressures. These bills are crucial to Nigeria’s economic future.”

The tax reforms aim to improve revenue generation and address economic challenges. Public hearings are expected to involve diverse stakeholders, ensuring widespread input into the legislative process.

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