The House of Representatives is prepared to engage with tax experts to assess the implications of the tax reform bills currently before the National Assembly.
This move, as revealed by the Deputy Spokesman of the House, Mr. Philip Agbese, aims to enhance understanding and facilitate town hall discussions with Nigerians on the matter.
The Federal Executive Council recently introduced four executive bills designed to streamline tax processes, create a unified revenue service, and simplify financial obligations for businesses and citizens.
These reforms are based on recommendations made by the Taiwo Oyedele-led committee, which conducted a review of existing tax laws starting in August 2023.
Despite the efforts, the bills have faced opposition.
Last week, the 36 state governors, followed by 19 northern state governors, called for the withdrawal of the bills, citing concerns over their potential negative impact.
Governor Seyi Makinde of Oyo State, speaking on behalf of the governors, emphasized the need for broader consultations to align all stakeholders and ensure the reforms benefit the entire country.
The National Economic Council (NEC) meeting, chaired by Vice President Kashim Shettima, highlighted the necessity for consensus-building around the proposed reforms before proceeding further with their passage.
Â
Â
Â
Â
