The Situation Room, a coalition of 1,000 civil society groups, has announced a town hall meeting on December 1, 2024 to discuss the Nigeria Tax Bill 2024 proposed by President Bola Ahmed Tinubu.
The meeting with the theme: “Taxation in Nigeria: Issues, challenges, and the future,” aims to examine the bill’s provisions and implications.
President Bola Ahmed Tinubu recently transmitted the bill to the National Assembly, seeking to reshape Nigeria’s fiscal framework.
However, northern Governors and traditional rulers have rejected the bill, citing alleged inconsistencies with regional interests.
Key provisions include VAT increases, company income tax, development levies and excise taxes.
In a statement by Dr. Vincent Ntui, the Executive Director of The Situation Room, the meeting will bring together scholars, civil society representatives, policymakers, and stakeholders to facilitate dialogue and ensure the bill serves Nigeria’s best interests.
Ntui added that The town hall meeting will adopt a civil society working document outlining concerns and recommendations for the National Assembly.
He emphasized the meeting’s importance in promoting transparency, accountability, and inclusivity in policymaking.
“We are proud to announce that the Situation Room, a coalition of 1,000 civil society groups across Nigeria, is set to convene a strategic town hall meeting on December 1, 2024, to discuss the proposed Nigeria Tax Bill 2024,” Ntiu sad.
“This meeting, themed ‘Taxation in Nigeria: Issues, Challenges, and the Future,’ aims to provide a platform for stakeholders to critically examine the bill’s provisions and their implications for the country.
“The proposed bill, recently transmitted to the National Assembly by President Bola Ahmed Tinubu, seeks to reshape Nigeria’s fiscal framework and establish a comprehensive legal framework governing taxation of incomes, transactions, and instruments.
“However, it has generated concerns from various quarters, including governors and traditional rulers of Northern Nigerian states, who have rejected the bill, citing its inconsistency with the interests of the North and other sub-national entities.
