Nigerian lawmakers approved President Bola Ahmed Tinubu’s tax reform bills after prolonged debate. The decision comes amid controversies, including opposition from Northern Governors concerning the tax derivation model. Four reform bills were introduced by Tinubu on October 3, 2024, aiming to enhance Nigeria’s tax system.
The Nigerian House of Representatives has approved President Bola Ahmed Tinubu’s tax reform bills after extensive debates. This decision, announced by Presidential spokesperson Sunday Dare via his official X account, was made on March 13, 2025. The approval of these bills follows significant controversy and discussions over the legislative measures, particularly related to the taxation framework in Nigeria.
The tax reform proposals faced fierce opposition, particularly from the Northern Nigeria Governors’ Forum, which expressed concerns regarding the value-added tax derivation model. Additionally, the National Economic Council raised objections to the same model, complicating the legislative process surrounding the tax reforms.
On October 3, 2024, President Tinubu introduced four essential reform bills, including the Nigeria Tax Bill 2024 and others focused on tax administration and revenue service establishment. These bills aim to overhaul Nigeria’s taxation system, enhancing efficiency and compliance in revenue collection while addressing challenges in tax administration.
The recent approval of President Tinubu’s tax reform bills by the Nigerian House of Representatives marks a significant step towards overhauling the country’s tax system. Despite facing considerable opposition, particularly regarding the value-added tax model, the passage of these bills indicates a continued commitment to reforming Nigeria’s economic framework. The introduced measures aim to address current challenges in tax administration, potentially improving overall governmental revenue generation.
Original Source: dailypost.ng
