President Bola Tinubu on Friday said the primary aim of the Tax Reform Bills, which he described as “pro-poor,” is to promote national interests, improve the competitiveness of Nigeria’s economy, and attract both local and foreign investments.
Tinubu made the remark while appreciating the Nigeria
Governors’ Forum following their unanimous endorsement of the four Tax Reform
Bills currently under consideration by the National Assembly.
He lauded the governors for their bold leadership and
commitment to fostering unity among leaders nationwide, transcending regional,
ethnic, and political barriers to advance Nigeria’s development.
A statement by his spokesman, Bayo Onanuga, said:
“Thursday’s productive consultation between the Nigeria Governors’ Forum and
the Presidential Committee on Tax and Fiscal Policy is a commendable example of
cooperation between the Federal and State governments.
“He extends special commendations to the Chairman of the
Governors’ Forum, Kwara State Governor Abdulrahman AbdulRazaq, for successfully
galvanising support among his peers for these transformative tax bills to
rejuvenate the national economy and enhance Nigeria’s investment climate.
“He also commends the Progressive Governors Forum, the
Northern Governors Forum, and all other groups that made the bipartisan
resolution of the controversy stirred by the tax bills possible.
“President Tinubu underscores that the primary aim of the
Tax Reform Bills, which is pro-poor, is to promote national interests, improve
the competitiveness of Nigeria’s economy, and attract both local and foreign
investments.”
Tinubu said updating the country’s outdated tax laws is
essential to this endeavour.
The President noted that the dialogue between the NGF and
the Presidential Committee on Tax and Fiscal Policy Reform highlights the power
of constructive conversation in resolving differences.
The statement added: “President Tinubu regards the governors
as vital contributors to nation-building and affirms his commitment to
partnering with them to promote economic growth, national harmony, peace, and
stability.
“He also encourages other stakeholders with ideas and
suggestions for refining the Tax Bills to engage with the ongoing legislative process
at the National Assembly.
“Finally, President Tinubu urges the National Assembly to
expedite the legislative process for these crucial bills so that the country
can swiftly reap the benefits of the reforms.”
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