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Give me a law that is workable, Tinubu begs Senate on Tax Reform Bills

By Abbanobi -Eku Onyekachi, Abuja

Four months after forwarding to both Chambers of the National Assembly , the tax reform bills for consideration and passage , President Bola Tinubu has told the Senate to give him workable laws from the bills .

This is as various stakeholders in the polity , threw their weights behind the hitherto contentious bills at the public hearing conducted by the Senate Committee on Finance in Abuja on Monday just as the Arewa Think Tank led by the convener , Muhammad Alhaji Yakubu , debunked insinuation that the Northern part of the country , was against the proposed laws .

President Tinubu’s request for workable laws from the bills which are (i) The Nigeria Tax Bill 2024 , (ii) Nigerian Tax Administration Bill 2024, is ( iii) Nigeria Revenue Service Establishment Bill 2024 and ( iv) Joint Revenue Board Bill 2024 , was disclosed by the Chairman of the Senate Committee on Finance , Senator Sani Musa (Niger East ) in his remarks at the public hearing .

It would be recalled that strident oppositions against the bills, were raised by various groups last year which made it difficult for the House of Representatives to pass it for second reading last year while the Senate managed to do so on the 28th of November last .

However at the public hearing declared opened by the President of the Senate , Senator Godswill Akpabio , all oppositions against the bills melted out as stakeholders one after the other , threw their weights behind the proposed laws .

First to make submission , was the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun who the proposed laws are not aimed at taxing poverty but prosperity .

Making similar submission , the Group Chief Executive Officer ( GCEO ) of the Nigerian National Petroleum Company Limited ( NNPCL) , Mele Kyari , said the entire oil and gas industry is well disposed to the reform .

Toeing similar line in his own presentation , the Chaorman of Revenue Mobilisation Allocation and Fiscal Commission ( RMAFC), Mohammed Shehu made a U – turn from earlier stance on the bills , by supporting them 100% .

The Chairman of Fiscal Responsibility Commission , Victor Muruako also supported the proposed reform bills by declaring that they are intadem with the spirit and letters of the Fiscal Responsibility Act 2007.

In their separate presentations , the convener of Arewa Think Thank , Muhammad Alhaji Yakubu and representative of President of Supreme Council for Sharia in Nigeria , Professor Mohammed Bello Dogarawa , debunked the insinuation that the North was against the reform bills .

Specifically , the Convener of Arewa Think Tank said ” It is not true that the North is against the tax reform bills . We have seen the benefits and sensitized our people in the North on them “.

Earlier in his remarks before declaring the public hearing open , the President of the Senate said : ” The challenge before us transcends the simple act of passing new laws; it is about constructing a tax system that inspires confidence, promotes development, and fuels national growth. We cannot afford to be fragmented in our approach to revenue generation. Instead, we must come together—Federal, State, and Local Governments, alongside the private sector and civil society—to create a tax system that truly works for all”

Other Critical stakeholders like the Executive Chairman of Federal Inland Revenue Service ( FIRS) , Mr Zacch Adedeji , the Governor of the Centeal Bank of Nigeria , Yemi Cardoso ,the Comptroller – Generals of Nigeria Customs Service and Nigeria Immigration Service , will remark at the session on Tuesday .

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