In a bid to deepen the understanding and appreciation of the provisions of the proposed tax reform bills, the Speaker of the House, Abbas, has called for constructive dialogue on contentious and controversial areas. The goal is to build consensus among the executive, legislature, sub-national governments, and the Nigerian people.
According to Abbas, the upcoming session will help identify areas needing amendment, clarification, or improvement, while also considering the compatibility of the bills with the 1999 constitution and other extant laws. The proposed tax reforms aim to diversify the nation’s revenue base, promote equity, and create an enabling environment for investment and innovation.
While stressing the importance of thoughtful review of the reforms and their potential implications on society, Abbas emphasized the need for fair, transparent, and justifiable taxes that balance public revenue needs with the burdens imposed on individuals and businesses.
The Speaker confirmed that the house is yet to take a definitive position on the bills, highlighting the parliament’s role in scrutinizing the proposed laws thoroughly to ensure they align with the best interests of the nation. The call for constructive dialogue sets the stage for a transparent and inclusive process of addressing tax reform in Nigeria.
