The Nigerian Governors Forum members who make up the National Economic Council have recommended to the president that the Tax Reforms Bill be removed from the National Assembly.
They based their case on the necessity of facilitating broader stakeholder discussions and consensus-building.
Seyi Makinde, the governor of Oyo State, stated that this was one of the resolutions made at the 144th National Economic Council meeting held at the State House in Abuja.
According to Makinde, the Council members decided that it was essential to give Nigerians time to come to an understanding of the measure and form a consensus.
Remember that the new policy efforts to improve Nigeria’s tax administration procedures were recently approved by the Federal Executive Council, which is chaired by President Bola Tinubu.
The northern elites are not in favor of the new legislation, despite the federal government’s belief that they will improve efficiency and remove duplications in the country’s tax procedures.
Following an examination of the current tax legislation since August 2023, the reforms were made.
