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There Is Still An Opening For Conversation On Tax Reform Bills – Presidency

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The Special Adviser to the President on Communication and Orientation, Sunday Dare, has reiterated that President Bola Tinubu is committed to upholding due process regarding the tax reform bill currently under consideration by the National Assembly.

Speaking on a recent television program, Dare emphasized that the President acted within the law by allowing the legislative process to shape the bill’s progress.

Dare explained that the tax reform bill, when passed, will play a pivotal role in restructuring key sectors of Nigeria’s economy. However, he clarified that, as the bill remains under legislative review, it is open to conversations and adjustments.

The Presidential aide encouraged citizens and stakeholders to engage constructively as the National Assembly debates the bill, highlighting the administration’s willingness to consider varied perspectives.

Dare, while speaking on Channels TV on Sunday, said, “I think it’s absolutely important, because when you look at the four bills right now, at the National Assembly, and they are just bills, they’re not acts yet, that means there’s still an opening to have conversations around the bills, take out some things, readjust certain elements of it, and bring it back.

“I think it’s a remarkable bill and it’s critical for the reforms, the larger reforms in various sectors that the President is working on. When you look at the Nigerian tax bill, the overall bill. You look at the joint tax bill, you look at that for revenue, then you look at the tax administration.

“The President’s preference is to have a de jure approach to it, not a de facto, because even if you do it outside of the legislature, then he must have contravened Nigeria’s constitution. So being a president that understands the law and the Constitution says it’s already there, let’s have the representatives of the people from across the country, let them deliberate on it.

“The people, the governors, Nigerians, can send in whatever comments they have, whatever deviation they have, and then that can be processed, I think that is the best way.

“I think it’s the right way to go, because any other path will bring a crisis, when you look at the tax very well, it targets posterity, not poverty. Look at the revenue tax, for instance, you can keep 100% of the taxes within your domain, that brings about control of your taxes, but also a level of responsibility at the level of state.”

Dare further explained that developed nations who were at the same level with Nigeria in the past, adopted painful tax reforms which aided them in their economic transformation. He said Nigeria is on the same track to economic growth with the Tax Reform bill.

is an Associate at Naija News. He is a news media enthusiast, he holds a degree in psychology and loves exploring and sharing about the enormous power that lies in the human mind. Email: [email protected], Instagram: adeniyidman