The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has said the proposed tax reform bill will significantly reduce financial burden and create growth enabling environment for small business owners. The Director-General of SMEDAN, Mr Charles Odii, said this at a stakeholder engagement on tax reforms organised by...
Tax Reform bills
The House of Representatives on Thursday, adopted the Tax Reform Bill as a working document. Arising from the Committee of the Whole, the Speaker, Rep. Tajudeen Abbas, said that after deliberations on clauses of the bill, the house adopted it as a working document. Abbas who commended the Committee...
The Chairman of the Senate Committee on Finance, Sen. Sani Musa, has assured that the Senate would produce legislation from the tax reform bills aimed at making Nigeria’s economy a trillion-dollar base. He added that President Bola Tinubu had tasked the National Assembly with this goal and that the...
The Senate will begin a two-day public hearing on the four tax reform bills presented by President Bola Tinubu to improve the nation’s tax administration. Chairman of Senate Committee on Finance, Sen. Sani Musa, said this at a news conference in Abuja on Wednesday. Sani after a closed session...
By TYAV SAM TYAV, Makurdi – Benue State Governor, Hyacinth Alia has declared support for Tax Reform Bills transmitted to the National Assembly by President Bola Tinubu.. Governor Alia made this known on Wednesday while briefing newsmen in his office at the state secretariat in Makurdi, the state’s capital....
The Trade Union Congress (TUC) has advocated that the Value Added Tax rate remains at 7.5 per cent as any increase will place additional financial burden on Nigerians. TUC President, Mr Festus Osifo, said this in a statement on Tuesday in Abuja. According to him, many Nigerians are already...
The Trade Union Congress of Nigeria (TUC) has called for review of some items in the tax bills for the benefits of Nigerians. TUC President, Festus Osifo made the call in a statement on Tuesday following its National Executive Council meeting. “The threshold for tax exemptions should be increased...
By ARMSTRONG ALLAHMAGANI, Bauchi – The Coalition of Northern Groups has kicked against the planned increase of the Value Added Tax by the Federal Government as a way of revenue generation. They instead, called for a downward reduction of the VAT from the current 7.5% to 3% in view...
A former Presidential spokesman, Mr Laolu Akande, on Sunday urged the Federal Government to do more to get broader support for its proposed Tax Reform Bills. Akande, a former Senior Special Assistant on Media & Publicity to Vice President Yemi Osinbajo (SAN), gave the advice in an interview with...
By JOY ADARA, Abuja – The Democratic Front (TDF) has commended the Nigeria Governors Forum (NGF) for reaching a consensus with the Presidential Committee on Fiscal Policy and Tax Reforms over the tax reform bills. In a statement signed by its Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale...
By DAVID IORJA, Abuja – President Bola Tinubu has commended the Nigeria Governors’ Forum (NGF) following their endorsement of the four Tax Reform Bills currently under consideration by the National Assembly. President Tinubu in a statement on Thursday by his media aide, Bayo Onanuga, lauded the governors for their...
By CHRISTIANA LOT, Jos – The Northern Minority Alliance for Balanced Leadership (NOMAL) has declared its support for President Bola Tinubu, commending the administration’s initiatives in the Tax Reform Bills. The group urged the National Assembly to expedite the passage of the bills, citing their importance in strengthening fiscal...
Nigerian governors have thrown their weight behind the Federal Government’s tax reform bills. But they are proposing a new sharing formula for value-added tax (VAT). The decision followed a meeting of the Nigeria Governors’ Forum (NGF) and the Presidential Tax Reform Committee which was held on Thursday. In a...
The Academic Staff Union of Universities (ASUU) has called on the National Assembly to reject any provision of the Nigeria Tax Bill 2024 that undermines Tertiary Education Trust Fund (TETFund)’s effectiveness and existence. The News Agency of Nigeria (NAN) reports that TETFund is a scheme established by the Federal...
The presidency on Friday cautioned Governor Bala Mohammed of Bauchi State over his sustained criticism of the Tax Reform Bills before the National Assembly. Special Adviser to the President, Media and Public Communication, Mr Sunday Dare, in a statement, said attempts to stampede or abort the tax Reform Bills...
By ARMSTRONG ALLAHMAGANI, Bauchi – Bauchi State Governor, Bala Mohammed has again berated President Bola Tinubu, over the policies introduced by his administration especially the Tax Reforms Bills which he described as anti-northern Nigeria. According to him, the Tax Reforms Bills are aimed at favouring just a section of...
A former presidential spokesman Dr Doyin Okupe, has said opponents of the proposed Tax Reform Bills are enemies of the country, saying the bills are pro-poor and pro-development. Okupe, in an interview with the News Agency of Nigeria (NAN) in Lagos, said that no right thinking person would stand...
By Kingsley Okoye, News Agency of Nigeria (NAN) Since the recent introduction of four tax reform bills by the executive arm, the National Assembly has taken a significant step toward contributing significantly to the latter’s quest to revolutionalise the country’s tax system. Over the years, many tax experts, who have...
The former Speaker of the House of Representatives, Yakubu Dogara, has backed the tax reform bills of President Bola Tinubu, which have generated concerns especially in the Northern part of the country. Dogara supported the tax reform bills at a Town Hall meeting organised by the Christian Awareness Initiatives...