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Tax Reform Bills: We Shouldn’t Allow Few Provisions To Be A Bottleneck – Oyedele

Ojimaojo Abubakar by Ojimaojo Abubakar
December 2, 2024
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Tax Reform Bills: We Shouldn’t Allow Few Provisions To Be A Bottleneck – Oyedele
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The Chairman of the Presidential Tax Reform Committee Taiwo Oyedele has urged Nigerians not to allow few grey areas in the proposed tax reform bills to cause obstruction to the passage of the bills.

Controversies have trailed the bills since it was sent to the National Assembly by President Bola Tinubu, with prominent northern leaders vehemently rejecting the bills on the claims that they are against the region.

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The National Economic Council consisting of the 36 state governors has also advised Tinubu to withdraw the bills to allow for wider consultations, but the President said he preferred that the bills go through the legislative processes.

Meanwhile, speaking on a Townhall on the Tax Reform Bills organized by Channels Television on Monday, Oyedele whose committee midwifed the document, noted that there are over 200 transformative provisions that can fix the country in the bills.

“These Bills Have More than 200 transformative provisions to fix our country and set us on the right part to prosperity,” Oyedele said on the Townhall.

“We should not allow one or two provisions that we can easily discuss and agree on to become the pain or the bottleneck.”

Oyedele said that Nigerians who support the Tax Reform Bills are over 90 per cent, noting that the areas there controversies are few which can be ironed out.

He reeled out some of the benefits of the bills, he said they will exempt low income earners completely from paying taxes. He said it will also reduce the PAYE of middle income earners.

ALSO READ:  Taraba Place More Priority On Tourism, Engage In Trees Planting For Economic Growth

With these two, Oyedele not that more that 90 per cent tax burden on Nigerian workers will be reduced.

Tags: OyedeleTax Reform
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Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

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