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Northern Senators Spark Speculation With Private Meeting After Tax Reform Debate
Northern Senators convened for a private, two-hour meeting on Thursday, shortly after the Senate passed the highly debated Tax Reform Bills for a second reading. The meeting, which took place in Room 301 of the National Assembly Complex, was announced during the plenary session, though the details of the discussions remain confidential. Senator Abdulaziz Yar’Adua, Chairman of the Northern Senators Forum, refused to provide any comments after the session.....KINDLY READ THE FULL STORY HERE▶
Earlier in the day, the Senate directed its Committee on Finance to organize a public hearing involving governors, traditional rulers, and other key stakeholders to gather input on the bills. The committee has been tasked with reporting back within six weeks.
Senate Leader Opeyemi Bamidele (APC, Ekiti Central) led the debate on the bills after lawmakers returned from an initial executive session. The four proposed tax bills include the Nigeria Tax Bill 2024, which seeks to overhaul the country’s fiscal taxation framework, and the Tax Administration Bill, designed to streamline tax processes and reduce legal disputes. Additionally, the Nigeria Revenue Service Establishment Bill proposes the establishment of a new body to replace the Federal Inland Revenue Service, while the Joint Revenue Board Establishment Bill aims to create a tax tribunal and ombudsman.
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