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    MarketForces Africa » MarketForces News » Ndume, Shehu Sani Differ on Tax Reform Bills

    Ndume, Shehu Sani Differ on Tax Reform Bills

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiNovember 12, 2024 News No Comments2 Mins Read
    Ndume, Shehu Sani Differ on Tax Reform Bills
    Bola Tinubu
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    Ndume, Shehu Sani Differ on Tax Reform Bills

    Sen. Mohammed Ndume (APC-Borno) and Sen. Shehu Sani have differed on the President Bola Tinubu’s proposed Tax Reform Bills before the National Assembly.

    Ndume, a former Senate Chief Whip, in a statement in Abuja on Monday, described the bills as ‘ill-timed’, given the economic challenges Nigerians are currently facing.

    “The general thing is that Nigerians are not willing to talk, hear or pay any tax now considering the situation we have faced because this is the government of the people.

    “Right now, people can’t even afford what to eat. People are struggling to survive. Let people live first before you start asking them for tax,” Ndume said.

    For Sen. Shehu Sani, who represented Kaduna Central Senatorial District in 2015 to 2019, the bills were not inimical to the wellbeing of Nigerians.

    “For instance, there is a provision where companies are to pay value added tax to the host state instead of sending it to a single account that would be shared among the 36 states including the Federal Capital Territory.

    “It’s in fact economically beneficial and fair to all parts. People should keep aside sentiments and read the bills carefully.

    “It’s a comprehensive and bold move to harmonise and simplify tax administration and streamline its operations and enforcement.

    “The bill will actually generate and safeguard more revenue for the country and the states.

    “It will also combat the corruption in the so-called tax waivers granted to business cabals. There is nowhere in the document where any region will be short-changed or taxes will be increased or jobs will be lost,” he said.

    Sani, who is also a civil rights activist, said that the reform would create a paradigm shift from the outdated tax system to a robust way of generating revenue for the nation.

    Tinubu had forwarded an executive bill to the National Assembly in October, urging lawmakers to consider and pass four tax reform bills.

    They include the Nigeria tax bill, Nigeria Revenue Service Establishment Bill, the Tax Administration Bill and the Joint Revenue Board Establishment bills. #Ndume, Shehu Sani Differ on Tax Reform Bills

    Nigeria Tax Reform Bills VAT
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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