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The Nigerian Senate has passed for a second reading the four controversial tax reform bills introduced by President Bola Tinubu aimed at reforming Nigeria’s administration.
The proposed legislation seeks to harmonize, coordinate, and resolve disputes arising from revenue administration in Nigeria.
Leading the debate on the bill, Bamidele Opeyemi, Senate leader, explained that the bills aim to simplify and streamline tax administration, and reduce the burden on Nigerians, especially low-income earners.
Contributing to the debate, Senator Ali Ndume argued that the bills should be withdrawn for proper consultation due to controversial clauses on revenue sharing formula, VAT derivation and what he termed as poor timing for the introduction of the bills.
Meanwhile, the majority of lawmakers who spoke in favour of the bill for second reading stated that what the bill entails is good for this country.
However, the Red Chamber passed the four tax bills for second reading through voice votes
In another Development, the Senate paid glowing tributes to celebrate the lives and times of its former president, the late Dr. Joseph Wayas.
Senators spoke of his sterling qualities and unblemished national service during a valedictory session in his honour organised by the Senate.
The remains of late Wayas were laid inside the Foyer of the National Assembly adorned with the National Flag.
The Senate’s tributes underscore its respect for Wayas’ contributions to Nigeria’s democracy and governance.
TRK-UP-Sen. Opeyemi Bamidele-Senate Leader
Source: Swifteradio.com
