Tax Reform Bills: ‘The Bills Were Transmitted Despite Rejection’

He also supported the retention of key agencies, stating,“There is a consensus among all the honourable members that NITDA, NASENI, and TETFUND are not going to be terminated, bearing in mind their importance to national development.” Jaha criticized a provision in the bill that allows the Chief Executive Officer of the Nigerian Revenue Service to simultaneously serve as Chairman of the Board.

“First of all, the bills were transmitted despite rejection by the members of the National Economic Council, rejection by elders across the country, and rejection by the Governors’ Forum, particularly the Northern Governors’ Forum,”he said.

With the second reading concluded, the tax reform bill will now proceed to committee review, where lawmakers are expected to deliberate on the raised concerns and consider possible amendments before final passage.

He proposed maintaining the status quo, but noted that he would support ceding 20 per cent of VAT revenue based on generation derivation rather than headquarters location.

The highest I can concede as far as my opinion and that of my constituents is to cede 20 per cent based on derivation or based on generation derivation..

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