Connect with us

Latest News

Tax Reform Debate Heats Up As Presidency Lobbies Lawmakers Amid Northern Pushback

Published

on

Bola Tinubu appoints

Tax Reform Debate Heats Up As Presidency Lobbies Lawmakers Amid Northern Pushback

The Presidency has escalated its efforts to lobby lawmakers for the passage of the controversial tax reform bills, with reports indicating that the leadership of the House of Representatives has called a crucial meeting with caucus leaders today. The meeting aims to rally support for the bills,...READ MORE…

Prominent Islamic Scholar Confirmed Dead (PHOTO)

 

which the Presidency seeks to have approved before the year’s end so they can be implemented alongside the 2025 budget starting January 1, 2025.

Advertisement

This renewed push comes amidst strong resistance from northern governors and traditional rulers, who have raised objections to specific provisions in the proposed reforms. Notably, the Northern States Governors’ Forum has rejected the move to adopt a derivation-based model for value-added tax (VAT) distribution, arguing that it would disproportionately impact northern states and other regions.

Ogbeide-Ihama Mourns The Passing Away Of Ambassador Osayomore Joseph

Despite the opposition, President Bola Tinubu has urged the National Assembly to continue advancing the bills, following recommendations from the National Economic Council (NEC), chaired by Vice President Kashim Shettima, for further scrutiny of the reforms.

Tinubu Demystifies "Shaki Shaki Daddy Jargon", Continues To Take The Country By Storm With Energetic Drive

A lawmaker, who wished to remain anonymous, confirmed that the Presidency is actively lobbying for support. Speaking to Daily Trust, the lawmaker said, “They are reaching out to gain the backing of lawmakers and want us to support the bills to ensure their passage.”

Lagos Lawyer Takes Legal Action Against MTN, Seeks Dissolution Of Board

The lawmaker added that while lobbying is common in advanced democracies like the United States, it is important to recognize that resistance from those who feel disadvantaged by the reforms is also valid.

Advertisement

 

No Christian Or Muslim Genocide In Nigeria, Tinubu Declares Amid Global Scrutiny

For More Information And News Update, Join Ireporteronline WhatsApp Channel With Link Below: https://whatsapp.com/channel/0029VaV4jB6DuMRgwqnJCF32 For advertisement inquiries only, kindly send a message to 09010649814 on WhatsApp.

Breaking News: Lagos Government Takes Tough Stance Promises Crackdown On Illegal Structures
Advertisement
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Trending

0
Would love your thoughts, please comment.x
()
x