Senate Forms Committee to Address Contentious Issues in Tax Reform Bills

The Nigerian Senate has announced the formation of a ten-member committee tasked with meeting the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, to address contentious issues in the tax reform bills submitted by President Bola Tinubu.

Deputy Senate President Jibrin Barau, presiding over Wednesday’s plenary session, disclosed that the committee would work with the Attorney General to address the concerns raised by stakeholders.

This decision comes as part of efforts to ensure the bills reflect the broader interests of Nigerians, after proceedings on the tax reform bills were halted.
Barau emphasised the importance of collaboration between the Senate and the executive arm of government, stating that both sides are committed to resolving disagreements amicably.

The committee, chaired by Senate Minority Leader Abba Moro, will also include other notable senators such as Orji Kalu, Adamu Aliero, and Sani Musa. Their primary goal is to examine the contentious clauses in the bills, particularly issues such as the derivative clause and VAT sharing formula, which have sparked widespread criticism.

Barau acknowledged the public outcry over the tax reforms, stating that the Senate aims to resolve these issues through constructive dialogue and consensus. “The Senate is composed of men and women of wisdom, entrusted with the responsibility to legislate for peace and national development,” he added.
The meeting with the Attorney General, scheduled for Thursday, is expected to be a key step toward resolving the disputes and ensuring the tax reforms are thoroughly examined.

Barau reiterated the Senate’s commitment to promoting stability, inclusivity, and transparency in the legislative process. He noted that while the economic challenges Nigeria faces are significant, the legislative arm remains focused on ensuring that any proposed solutions are fair and sustainable.

Since the introduction of the tax reform bills, the Senate has held a series of consultations to review the legislation. However, the concerns raised, including disputes over the derivative clause and VAT sharing formula, have necessitated this step.

Ozioma Samuel-Ugwuezi

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