NASS TO HOLD PUBLIC HEARING ON TAX BILLS
Written by Oluwaseyi Amosun on February 23, 2025
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele today disclosed the official Public Hearing of the ๐๐๐ฑ ๐๐๐๐จ๐ซ๐ฆ ๐๐ข๐ฅ๐ฅ๐ฌ ๐๐ฒ the National Assembly, calling on Nigerians to participate.
Recall that the House on February 12, 2025, after a long debate on the floor passed the second reading of the four tax reform bills proposed by President Bola Tinubu.
The Senateโs public hearing will be held from Tomorrow to Tuesday while the Lower Chamber will have its own on Wednesday 26TH -Friday 28TH 2025.
Both hearing will take place at the National Assembly complex Abuja.
The tax reform bills, drafted by the Presidential Committee on Tax Reforms and Fiscal Policy, aim to overhaul the existing tax laws in Nigeria.
However, the bills have faced stiff opposition, mainly from the northern parts of the country, particularly from northern governors who have described them as โanti-North.โ
The debates on the bills have escalated into a North vs. South issue, particularly over the VAT sharing formula.
The National Economic Council (NEC), a body composed of governors and chaired by Vice President Kashim Shettima, urged the president to withdraw the bills for further consultations. However, the president refused, stating that all concerns should be addressed in the Nationalย Assembly.