• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Thursday, July 17, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

NNPC, RMFAC, Arewa Think Thank, others support Tax Reform Bills

Nathaniel Irobi by Nathaniel Irobi
February 24, 2025
in News
0
NNPC, RMFAC, Arewa Think Thank, others support Tax Reform Bills
0
SHARES
5
VIEWS
FacebookTwitterWhatsappEmailTelegram

RelatedPosts

Police Arrest Suspected Lakurawa Bandit in Sokoto, Recover AK-49 Rifle

Power Rotation: Prof. Nwaokobia Slams Political Elites, Calls for True Federalism Over Regional Rhetoric

Troops Nab 2 NURTW Officials, IPOB Tax Collector, Others Suspected Terrorists

A cross section of stakeholders, on Monday, at a Public Hearing on the four Tax Reform Bills expressed their support for the bills.

The public hearing was organised by the Senate Committee on Finance chaired by Sen. Sani Musa.

The News Agency of Nigeria (NAN) reports that the four bills include “The Nigeria Tax Bill (NTB) 2024; The Nigeria Tax Administration Bill (NTAB) 2024; The Nigeria Revenue Service (Establishment) Bill (NRSEB) 2024 and the Joint Revenue Board (Establishment) Bill (JRBEB) 2024.

The agencies that made their submissions include the Nigerian National Petroleum Company Limited (NNPCL), Revenue Mobilisation and Fiscal Allocation Commission (RMFAC) among others.

In his submission, Group Chief Executive Officer of NNPCL, Mele Kyari, said that the entire oil and gas industry was happy with the bills.

“We are the happiest people to see this tax law coming into place, bringing every education in one basket.

“And bringing in a significant number of reforms that will bring simplicity to the tax system and the tax laws in our county.

” And I want to tell you, you know, making our business more profitable, we have a plan to keep our industry as strong as possible, multiple tax systems, multiple tax rules.

Also speaking, the Chairman of Revenue Mobilisation and Fiscal Allocation Commission (RMFAC), Dr Mohammed Shehu, said that the commission was in support of the bills 100 per cent, adding that the bills would enhance stability in the economy.

ALSO READ:  Reps express satisfaction with Tinubu’s N47.9 trn 2025 budget

He urged the Senate Committee on Finance to address the area of bad distribution to sub-nationals.

“I hope that this bill will address the issue of endless reconciliation with NNPC”.

On his part, the Convener, Arewa Think Thank, Muhammad Yakubu, said that the group was one of the groups that saw the benefits of the bills.

“We analysed the benefits of the bills and made our position known and we have submitted same.

“The perception that the North is against the bill is not true. And please, some of these views that are very very important to the country should not be put aside,” he said.

The representative of the Supreme Council for Sharia in Nigeria, Ahmad Dogarawa, said that it was the view of the Supreme Council for Sharia in Nigeria that the Nigerian tax system was indeed in need of reform.

“We therefore commend the government for its genuine efforts to reform our tax system.

“However, the Council wishes to bring the attention of the National Assembly to the following concerns of the specific sections of particularly the Nigerian tax bill and the Nigerian tax administration bill.

“We have suggested that the Value Added Tax (VAT) be reviewed to five per cent or to maintain the present 7.5 per cent.”.

In his remarks, Chairman of the Senate Committee on Finance, Sen. Sani Musa, said that Nigeria was becoming more united with the tax reform bills.

He said: “Where there are some differences or disagreements, we will agree and come to where we can all agree.

ALSO READ:  EFCC arrests Kano TikTok Influencer, Murja Kunya for alleged naira mutilation

“We are going to give Nigeria the desired law, legislation that will guide our tax collection, distribution and enhance prosperity in line with the new rule of the President.

“The President has a very good intention. I was with him two weeks ago and he said, Chairman, go and do the needful for me.

“Give me a law that is working. We will want to present a legislation that tomorrow, there will be no a lot of lawsuits.”(NAN)

Nathaniel Irobi

Nathaniel Irobi

Related Posts

Police, JTF rescue 3 kidnapped victims in Anambra

Police Arrest Suspected Lakurawa Bandit in Sokoto, Recover AK-49 Rifle

by Nathaniel Irobi
July 17, 2025
0

The police command in Sokoto State has announced the arrest of a suspected Lakurawa bandit and the recovery of an...

DSS’s Attempt to Restrain Prof Pat Utomi Unconstitutional – Prof. Nwaokobia Jnr

Power Rotation: Prof. Nwaokobia Slams Political Elites, Calls for True Federalism Over Regional Rhetoric

by Nathaniel Irobi
July 17, 2025
0

Renowned public affairs analyst and convener of the CountryFirst Movement, Prof. Chris Mustapha Nwaokobia Jnr., has strongly criticized the political...

Troops Nab 2 NURTW Officials, IPOB Tax Collector, Others Suspected Terrorists

Troops Nab 2 NURTW Officials, IPOB Tax Collector, Others Suspected Terrorists

by Nathaniel Irobi
July 17, 2025
0

    The Defence Headquarters (DHQ) said the Nigerian troops arrested two members of the National Union of Road Transport...

Recommended

Customs Bans Pharmaceutical Clearance At Bonded Terminals

Customs Bans Pharmaceutical Clearance At Bonded Terminals

6 days ago
KADIRS Boss, Zango-Kataf Chair, Rijo Hail CDS Sports Initiative For Promoting Peace

KADIRS Boss, Zango-Kataf Chair, Rijo Hail CDS Sports Initiative For Promoting Peace

5 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (743)
  • Education (217)
  • Entertainment (311)
  • Health (194)
  • National (2,197)
  • News (8,216)
  • Opinion (301)
  • Politics (1,629)
  • Science (15)
  • Security (406)
  • Sports (441)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform