President Bola Ahmed Tinubu has reaffirmed his commitment to the tax reform bills, declaring that the reform is "here to stay" ¹. This statement was made during his inaugural presidential media chat, where he emphasized the importance of the reform in driving Nigeria's economic growth.
The tax reform bills have been a subject of controversy, with opposition from Northern leaders. However, President Tinubu remains resolute, stating that the reform is "pro-poor" and designed to widen the tax net, ensuring more people contribute to the nation's revenue.
*Key Objectives of the Tax Reform*
The proposed tax reform aims to:
- _Simplify tax obligations_ for businesses and individuals nationwide
- _Eliminate multiple taxation_ and make Nigeria's economy more competitive
- _Establish a Joint Revenue Board_ to replace the Joint Tax Board, covering federal and state tax authorities
- _Create an Office of Tax Ombudsman_ to protect taxpayers' interests and facilitate dispute resolution
President Tinubu believes that these reforms will bring relief to millions of Nigerians and empower states and local governments for sustainable growth and development.
*A Commitment to Economic Growth*
The President's commitment to the tax reform bills is part of his broader economic agenda. He has also reaffirmed his decision to remove the controversial petrol subsidy, stressing that it was a necessary step to secure Nigeria's economy ¹.
*Open to Negotiations*
While President Tinubu remains committed to the tax reform bills, he has expressed openness to negotiations on the issue. "Tax matters are subjects of debates and negotiations. I don't mind cutting edges. I will," he added.
As the tax reform bills continue to undergo scrutiny, it is clear that President Tinubu remains resolute in his commitment to driving Nigeria's economic growth. The success of these reforms will be crucial in shaping the country's economic future.