Nigerian Lawmakers Approve President Tinubu’s Tax Reform Bills

The Nigerian House of Representatives has approved President Bola Ahmed Tinubu’s tax reform bills after extensive deliberation. The decision, announced by spokesperson Sunday Dare, follows notable opposition from groups like the Northern Nigeria Governors’ Forum and the National Economic Council regarding specific components of the legislation. These reforms aim to modernize the tax system in Nigeria.

The Nigerian House of Representatives has approved President Bola Ahmed Tinubu’s tax reform bills after several months of debate. This significant decision was announced by Sunday Dare, the Special Adviser on Media and Public Communications, through his official social media account. Dare confirmed the bills were passed on March 13, 2025, without elaborating on the specifics of the legislation.

Despite the approval, the tax reform initiative has been contentious, facing resistance from multiple stakeholders. Notably, the Northern Nigeria Governors’ Forum expressed strong disapproval, particularly regarding the proposed value-added tax derivation model outlined in the Nigeria Tax Bill. Additionally, the National Economic Council has also criticized this model.

President Tinubu had submitted four related tax reform bills to the National Assembly on October 3, 2024. These included the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill, marking the government’s attempt to modernize the tax framework in Nigeria.

The approval of President Tinubu’s tax reform bills by the House of Representatives marks a pivotal moment in Nigeria’s legislative process. Despite significant opposition from various factions, including regional governors and economic councils, the passage of these bills reflects the government’s intent to overhaul the nation’s taxation system. Ongoing discussions and objections highlight the need for dialogue and consensus-building surrounding fiscal reforms in the country.

Original Source: dailypost.ng