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, and the Nigeria Tax Bill 2024 – are meant to overhaul the Nigerian tax system.
Tinubu had submitted the bills before the National Assembly in 2024 despite widespread outcry.
Leading the debate on Wednesday, the Majority Leader, Julius Ihonvbere, commented on the concerns raised about the bills, noting that the Nigerian Governors Forum, NGF, has resolved the issues.
Ihonvbere stated that the House had held several meetings with different caucuses to address their concerns
