A member representing the South-East on the Governing Board of North East Development Commission (NEDC), Rep Sir Sam Ifeanyi Onuigbo, has extolled the four new tax bills signed into law by President Bola Ahmed Tinubu, remarking that the laws will ensure economic stability and prosperity of the country.
He argued that this was the first time the Federal Government took bold steps to harmonise the issue of tax administration and revenue generation, stressing that President Tinubu has demonstrated his expertise and experience as an international auditor.
The four bills signed into law by Presdent Tinubu included, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, which were passed by the National Assembly.
In a statement he sent to media houses yesterday, Onuigbo, who is also a former two-term federal lawmaker, noted: “As the President, His Excellency, Bola Ahmed Tinubu GCFR, gives his assent to four ambitious tax-related and revenue management bills today, I can make bold to say that the journey to the economic prosperity premised in the Renewed Hope Agenda, has truly begun.
“I must have to commend the National Assembly for painstaking working on these four cardinal bills that set a harmonious pedestal for revenue generation and tax administration in the country.
“As a former two-term federal law maker, I believe that this is the first time in the history of this great country that a bold and courageous effort has been taken to give legislative fresh breath to the issues of taxation and revenue generation.
“Next to the fiscal autonomy of the Local Government Councils, President Tinubu has scored another bull’s eye in providing a strong foundation for Nigeria’s economic prosperity and political stability.”
Onuigbo pleaded with Nigerians to continue supporting President Tinubu’s initiatives stressing that the President is taking surefooted steps to address the structural imbalances in the management of the country’s economy.
Part of the statement read: “Nigerians can now sit back and see that, indeed, a well trained and experienced auditor, President Tinubu knows how to fix the bolts and joints in the economic management of Nigeria. You may be free to see this wonderful event as the economic independence of the country.
“Again, I must commend President Tinubu and the National Assembly for the collaborative and harmonious relationship that has produced this outstanding success for our great nation, Nigeria.
“Let, me also commend Nigerians for their understanding and cooperation during the course of the extensive consultations that went into the making of these ambitious bills that have become Acts of the National Assembly of Nigeria.”
