The House of Representatives in Nigeria has declared that it will consider President Bola Ahmed Tinubu’s tax reform bills in an interactive session on Monday.

This was revealed in a statement released on Sunday by House of Representatives Spokesman Akin Rotimi.

He asserts that the interactive session is necessary to get Nigerians and stakeholders’ knowledge and clarifications regarding the tax reform proposals.

The interactive session will start promptly at 10:00 am on Monday, November 18, 2024, at the House of Representatives’ Temporary Chamber.

It seeks to give House members a forum for direct communication with the main proponents of tax reform legislation from the executive branch.

Honorable Members will thus be able to ask important questions, get clarifications, and get a greater understanding of the proposed reforms thanks to this involvement. Enhancing Members’ participation to the discussions of these measures and fortifying the legislative process depend on this knowledge.

“Acknowledging the proposed reforms’ national significance and their implications for governance and fiscal policy,” he stated.

Tinubu’s tax reform measures have been the subject of discussion for the previous week.

Recall that Tinubu submitted four tax reform legislation to the National Assembly on October 3, 2024: the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.

Nonetheless, the bills have faced opposition.

The Nigeria Tax measure’s proposed value-added tax derivation mechanism was the primary reason for the Northern Nigeria Governors’ Forum’s initial rejection of the measure.

The tax derivation methodology was likewise rejected by the National Economic Council.

Nonetheless, President Bola had demanded that the tax reform proposals go through the National Assembly’s regular procedures so that the required amendments could be made.

A more equitable tax system would be implemented in Nigeria as a result of the tax reforms, according to Taiwo Oyedele, the head of the Presidential Committee on Fiscal Policy and Tax Reforms.

On the grounds that the measures would increase the nation’s revenue, some Nigerian economists also supported Tinubu.