President Bola Tinubu has described the proposed Tax Reform Bills as “pro-poor” measures designed to advance national interests, enhance Nigeria’s economic competitiveness, and attract both local and foreign investments.
The President made this statement on Friday while commending the Nigeria Governors’ Forum (NGF) for their unanimous support of the four Tax Reform Bills currently under consideration by the National Assembly.
In a statement issued by his spokesman, Bayo Onanuga, Tinubu praised the governors for demonstrating strong leadership and fostering unity across regional, ethnic, and political divides to prioritize Nigeria’s development.
“The productive consultation between the Nigeria Governors’ Forum and the Presidential Committee on Tax and Fiscal Policy exemplifies the cooperation needed between the Federal and State governments,” the statement read.
Commendations for Unity and Leadership
The President specifically acknowledged the efforts of the NGF Chairman, Kwara State Governor Abdulrahman AbdulRazaq, for rallying his colleagues to support the transformative tax bills aimed at rejuvenating the economy and improving Nigeria’s investment climate. He also lauded the Progressive Governors Forum, the Northern Governors Forum, and other groups for their bipartisan contributions to resolving the controversies surrounding the tax reforms.
Tinubu reiterated that updating Nigeria’s outdated tax laws is critical to achieving these goals.
Dialogue and Collaboration
The President emphasized the importance of constructive dialogue in resolving disagreements, citing the NGF’s engagement with the Presidential Committee on Tax and Fiscal Policy as an example of effective collaboration.
“Governors are vital contributors to nation-building, and my administration is committed to partnering with them to promote economic growth, national harmony, peace, and stability,” Tinubu said.
Call to Action
The President urged other stakeholders with suggestions for refining the bills to engage with the legislative process at the National Assembly. He also called on lawmakers to expedite the passage of the Tax Reform Bills, emphasizing the need to implement the reforms swiftly for the country to enjoy their benefits.
The reforms are part of Tinubu’s broader economic agenda aimed at positioning Nigeria as a more attractive destination for investment and fostering sustainable growth.