President Bola Tinubu has rejected the National Economic Council’s recommendation to withdraw the Proposed Tax Reforms Bill from the National Assembly. Despite opposition, particularly from northern leaders who argue the bill may not favor the region, Tinubu insists the legislative process should continue, inviting public input during hearings. In a statement from Special Adviser Bayo Onanuga, Tinubu emphasized his commitment to broad consultations and reiterated that the tax reform aims to revamp Nigeria’s tax system, simplify tax obligations, and eliminate multiple taxation. The proposed reforms would consolidate taxes like Corporate Income Tax, Value-Added Tax, and others, streamlining the administration and aligning with global standards.Tinubu assures that all 36 states stand to benefit, with the reforms fostering a conducive environment for investment and economic growth. He commends Vice President Shettima and NEC members for their advice, highlighting the importance of stakeholder input as the bill progresses through legislative channels.
Onanuga says President Tinubu will swear in new ministers today.
President Bola Tinubu will today Monday, November 4, 2024, swear in seven new ministers into his cabinet at the Council Chamber of the State House, Abuja. The President’s Special Adviser on Information and Strategy, Mr Bayo Onanuga, revealed this on Sunday via his X handle, stating also that the ministers […]
