The pan-Yoruba socio-political organization, Afenifere, has endorsed the tax reform bills.
Afenifere’s Organizing Secretary, Abagun Omololu, made their
position known in a statement.
Omololu highlighted that the proposed bills could offer
significant economic advantages for every region, including the northern area.
“Afenifere is in support of the tax reform for its promise
of economic revival. We have noted that the bills are a crucial step towards
stimulating the Nigerian economy; hence, with the tax system reform, we hope
for improvement in revenue generation at both federal and state levels.
“This is essential for funding critical infrastructure and
social services that will benefit all Nigerians, including those in the North.
“After due scrutiny and consideration, we agree that the
proposed changes to VAT administration are designed to align revenue sharing
more closely with consumption patterns, affording states funding based on
actual economic activity rather than historical allocations,” he said.
There is controversy surrounding the tax bills, amid strong
resistance from governors and stakeholders in the northern part of the country.
President Tinubu inaugurated the Presidential Fiscal Policy
and Tax Reform Committee (PFPTRC), which subsequently informed Nigerians of the
move to replace the National Tax Policy with a more comprehensive “National
Fiscal Policy on Fair Taxation, Responsible Borrowing, and Sustainable
Spending.”
This resulted in four bills—including the Nigeria Tax Bill
2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment
Bill, and the Joint Revenue Board Establishment Bill—currently before both
chambers of the National Assembly for passage.
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