Nigerian President, Bola Ahmed Tinubu has directed the Federal Ministry of Justice and relevant officials who drafted the Tax Reform Bills to work closely with National Assembly to ensure that genuine concerns have been addressed before being passed.
Minister of National Orientation and Information, Mohammed Idris who in a statement disclosed, said in line with the established legislative procedure, the Federal Government welcomes meaningful inputs that can address whatever grey areas there may be in the bill.
He stated that the robust nationwide debate on this bills is welcomed, and commendable, while added that it is very inspiring to see Nigerians from all walks of life coming out to express their views, opinions of the matters of critical national importance. “This is the very essence, meaning of democracy”, Idris said.
“In the spirit of democratic engagement, there should be no room for name-calling, or for the injection of unnecessary ethnic and regional slurs into this important national conversation.
“Similarly, it is important to be aware that there is a lot of misinformation and fake news circulating around the tax bills and the overall reform agenda of the Tinubu Administration.
“Instead, they will bring relief to tens of millions of hardworking Nigerians across the country and empower and position our States and the 774 Local Governments for sustainable growth and development”.
He further said President Tinubu is implementing an ambitious fiscal reform agenda that will devolve more resources to Nigeria’s State and Local Governments, and ultimately to the Nigerian people, in the spirif of harnessing democracy that works for the people.
“In addition to the four tax bills being debated and deliberated upon, there is also the 2023 Supreme Court ruling on financial autonomy for local governments, which will significantly empower the tier of government that is closest to the Nigerian people.
“In all, these reforms will not only facilitate increased revenues (without imposing additional tax burdens on the people), they will also make it possible for citizens to demand and enjoy greater accountability in the management of public resources at all levels of government.
“On top of this necessary foundation, the resources being conserved and realized from these reforms will be invested in critical infrastructure such as healthcare, education, transportation, digital technology, etc.
“Also, in social investments that will benefit all Nigerians and ensure that no one is left behind. This is the promise and the reality of the Renewed Hope agenda”, Mohammed concluded.