The Senate has passed two of President Bola Tinubu’s four tax reform bills. The two bills passed are the Nigeria Revenue Service Establishment Bill and the Joint Revenue Board Establishment Bill. These bills were passed on Wednesday after the senate reviewed the report of an ad hoc committee chaired by Niger East Senator Sani Musa. The committee was constituted to …

Governors are on the same page with the Federal Government on the Tax Reform Bills, according to Nasarawa State Governor, Engr. Abdullahi Sule. According to him, the four Tax Reform Bills passed on 18 March by the House of Representatives contain the adjustments made to the original Bills by the governors. Senate Leader Opeyemi Bamidele also said that the Senate …

President Bola Tinubu’s proposed tax reform bills has passed for second reading in the House of Representatives. The bills passed for second reading after a long debate on the floor of the House. The four tax reform bills, the Joint Revenue Board of Nigeria, Establishment, Bill 2024, the Nigeria Revenue Service (Establishment) Bill 2024, the Nigeria Tax Administration Bill 2024, …

The Benin Zone of the Academic Staff Union of Universities (ASUU) has kicked against the proposed Nigeria Tax Reform Bill by the federal government, saying it will destroy public institutions in the country. Addressing journalists at the weekend, the Zonal Coordinator, ASUU Benin Zone, comprising nine universities, Prof. Monday Lewis Igbafen, said the planned gradual facing out of TETFund in …

More facts have emerged as to how President Bola Ahmed Tinubu and the 36 state governors of the federation finally arrived at a consensus on the contentious tax reform bills. The president, yesterday, issued a statement praising the governors who, speaking under the umbrella of the Nigeria Governors Forum (NGF), announced some adjustments to the tax bills. Thereafter, less than …

Governors have backed the Federal Government’s tax reform bills, while proposing a new sharing formula for value-added tax (VAT). According to the NGF, the new VAT sharing formula would be 50 per cent based on equality, 30 per cent on derivation, and  20 per cent on population. Following a meeting of the Nigeria Governors’ Forum (NGF) and the Presidential Tax …

The Coalition of Northern Groups (CNG) Kaduna State Chapter, has kicked against the current Tax reform Bill which is before the National Assembly, calling for wider consultations before legislation. In a communique issued to newsmen after a town hall meeting by Comrade Muhammed Sanusi Ali unbehalf of 134 Kaduna Based Civil Society Organizations / Non Governmental Organizations read in part, …

The Senate Leader, Opeyemi Bamidele, has emphasised the importance of tax reforms as part of a broader legislative agenda aimed at economic restoration and national development. In his Christmas message on Wednesday, the senator underscored the need for a collective effort to address Nigeria’s challenges, particularly through innovative legislative measures. Drawing from the teachings of Christ, Senator Bamidele called for …

A Northern good governance advocacy group, Northern Star Youth Empowerment Initiative has rejected the Federal Government’s tax reform bill, now before the National Assembly. The group describes itself as a non political, non tribal and non religious youth movement that aims at uniting and protecting the interests of the North. It said it is a pressure group that promotes good …

President Bola Tinubu transmitted four tax reform bills to the national assembly on 3 October 2024. The bills are the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill. Together, these bills would overhaul tax administration and revenue generation in Nigeria, as many of the provisions contained …