Nigeria's Tax Reform Bills Get Green Light-What It Means for You
Afnews Editor
Mar 13, 2025
The House of Representatives has approved President Bola Ahmed Tinubu's tax reform bills despite strong opposition from the Northern Governors' Forum and the National Economic Council. Read the full details of the controversial approval.
READ ALSO: Why El-Rufai Was Returned To ICPC Custody?
Despite months of heated debates and strong opposition, the Nigerian House of Representatives has approved President Bola Ahmed Tinubu's tax reform bills, a move that has sparked further controversy across political and economic circles.
The approval, which was confirmed by presidential spokesperson and Special Adviser on Media and Public Communications, Sunday Dare, was announced via his official X account on Thursday.
READ ALSO: Sowore's Miscalculation and the Need to beat a Wise Retreat
Dare, while revealing the development, stated:
READ ALSO: Akwa Ibom: Flood Destroys 100 Houses, Displaces 300 Persons
"Tax reform bills have been approved by Nigeria's House of Representatives today in Abuja. Today, March 13, 2025.ÔÇØ
READ ALSO: I00 DAYS IN OFFICE: ABHA MINORITY WHIP HIGHLIGHTS ACHIEVEMENTS
However, the passage of the bills comes amid significant backlash, particularly from the Northern Nigeria Governors' Forum, which had earlier rejected key provisions, especially the proposed value-added tax (VAT) derivation model contained in the Nigeria Tax Bill.
READ ALSO: What To Do When A Woman Slaps You - Reno Omokri Advises Men | READ DETAILS
Before its passage, the National Economic Council had also raised concerns about the tax derivation model, warning that it could lead to fiscal imbalance across states.
READ ALSO: Onyema Innocent, Air Peace Declares in Response to U.S. DOJ Allegations
It would be recalled that on October 3, 2024, President Tinubu submitted four major tax reform bills to the National Assembly, namely:
Nigeria Tax Bill 2024
READ ALSO: BREAKING: FG imposes travel ban on 13 countries from Saturday
Tax Administration Bill
Nigeria Revenue Service Establishment Bill
READ ALSO: TRENDlNG VIDE0: Gov. Ikpeazu Shares His COVID-19 Story
The proposed bills aimed to introduce a streamlined tax administration system, increase government revenue, and restructure Nigeria's tax laws. However, critics argue that some provisions unfairly favor certain regions over others, deepening existing economic disparities.
READ ALSO: I Will Not Allow Criminality As President, Peter Obi Declares
With the bills now approved by the House of Representatives, all eyes will be on the Senate to determine the next phase of Nigeria's tax policy reforms.
Related Stories
REVEALED: How All Progressives Congress (APC) Played Into The Opposition Hands Ahead Of 2027 - Sumner Sambo Warns
I Will Not Allow Criminality As President, Peter Obi Declares
Why El-Rufai Was Returned To ICPC Custody?
Sowore's Miscalculation and the Need to beat a Wise Retreat
Tinubu Breaks Silence on Hardship, Inflation, Power Crisis - Vows Nigeria Will Overcome Economic Storm
"Terrorists Have Outgunned Our TroopsÔÇØ - Ndume Raises Alarm Over Boko Haram War, Sends Urgent Message To Tinubu
""
— Afnews Editor