NEC Urges Tinubu To Withdraw Tax Reforms Bill, Cites Need For More Consultation, National Consensus

The National Economic Council has recommended to President Bola Tinubu to withdraw the Tax Reforms Bill from the National Assembly to allow for wider consultations

Oyo State Governor, Seyi Makinde, said this formed part of resolutions reached at the 144th meeting of the National Economic Council at the State House, Abuja.

Makinde told journalists that the council members agreed that it was necessary to allow for consensus building and understanding of the bill among Nigerians.

“NEC noted the need for sufficient alignment on the proposed reforms and recommended the withdrawal of the tax reform bill,” he stated.

Makinde added that this decision was made for the benefit of the country and emphasised the need for further consultations regarding the bill.

NEC’s decision came days after the Northern Governors kicked against the reform bill.

At a meeting on October 28, 2024, Governors of the 19 Northern States, under the platform of the Northern Governors’ Forum, rejected the new derivation-based model for Value-Added Tax distribution in the new tax reform bills before the National Assembly.

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