The Nigerian House of Representatives has announced an interactive session scheduled for Monday, November 18, 2024, to discuss President Bola Ahmed Tinubu’s tax reform bills.
Akin Rotimi, the House Spokesman, disclosed this in a statement on Sunday, stating that the session aims to provide clarity and engage Nigerians and stakeholders on the proposed reforms.
“The interactive session will take place at 10:00 am in the Temporary Chamber of the House of Representatives. It provides Members with a platform to engage directly with the principal promoters of the tax reform bills from the executive arm of government,” Rotimi explained.
The reforms include four proposed bills sent to the National Assembly by President Tinubu 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.
However, the reforms have faced significant opposition. The Northern Nigeria Governors’ Forum and the National Economic Council have both rejected aspects of the bills, particularly the proposed value-added tax (VAT) derivation model outlined in the Nigeria Tax Bill.
The House aims to use Monday’s session to address these controversies and ensure a comprehensive understanding of the bills to strengthen legislative deliberations.
