Nigeria News

Governors converge in Abuja to discuss controversial tax reforms bills

Fifteen governors, primarily from the All Progressives Congress (APC), convened at the Nigeria Governors’ Forum (NGF) Secretariat in Abuja on Wednesday night for a pivotal meeting.

Notably, the gathering also included two opposition governors: Alex Otti of Abia State (Labour Party) and Chukwuma Soludo of Anambra State (All Progressives Grand Alliance).

Although the meeting’s agenda was not disclosed to journalists, it coincides with heated debates over the controversial tax reform bills proposed by President Bola Tinubu’s administration.

These bills, currently under consideration by the National Assembly, have faced significant criticism and resistance, including objections from the NGF under the National Economic Council (NEC). The 19 northern governors have been particularly outspoken, rejecting several key provisions and demanding the withdrawal of the proposed reforms.

The northern governors argue that the measures could disproportionately impact their regions, worsening existing economic disparities.

President Tinubu’s administration introduced the tax reform bills as part of a broader strategy to revamp Nigeria’s tax system and enhance revenue generation. The legislative package includes the Nigeria Tax Bill 2024, Tax Administration Bill, Nigeria Revenue Service Establishment Bill, and Joint Revenue Board Establishment Bill.

While proponents of the reforms assert that they are essential for economic stability and modernization, critics—including several state governors—have raised concerns that the laws could impose additional burdens on states and exacerbate regional inequalities.

Agbenu James

Recent Posts

Lampard suffers first defeat as West Brom beat Coventry 2-0

West Bromwich Albion ended their near three-month wait for a home victory with a 2-0…

2 hours ago

UCL: Again, Man City suffer another defeat to Juventus

Manchester City's struggles deepened on Wednesday as they suffered a damaging defeat to Juventus, jeopardizing…

2 hours ago

UCL: Ferran Torres fires Barcelona to knockout stage in Dortmund thriller

Substitute Ferran Torres delivered a game-changing performance, scoring twice in 10 minutes to secure Barcelona…

2 hours ago

VeryDarkMan clears the air, denies allegations of threatening Wike’s life

Martins Ortse, widely known as VeryDarkMan (VDM), has refuted allegations that he threatened the life…

3 hours ago

UCL: Saka nets brace as Arsenal beat Monaco 3-0

Bukayo Saka delivered a standout performance, scoring twice as Arsenal defeated Monaco to solidify their…

3 hours ago

Two Killed in bomb explosion near Maiduguri housing estate

Two individuals lost their lives in an explosion caused by an Improvised Explosive Device (IED)…

3 hours ago