Touted as a solution to Nigeria’s economic challenges, the bill has faced accusations of poor timing, inadequate consultation, and potential harm to already struggling Nigerians. The heated debates that have ensued underscore mounting regional tensions over the bill’s potential economic and social impact, with calls for more inclusive deliberation before any final decision is made.
Borno State Governor, Professor Babagana Zulum, has openly addressed the growing controversy surrounding the proposed tax reform bills, warning President Bola Tinubu about the potential fallout.
Speaking during an interview with Channels Television on Sunday, December 1, Zulum acknowledged Tinubu’s ability to push the legislation forward but stressed the consequences for Nigerians.
“We know the power of the president. I’m a system man; I respect him,” Zulum said. “If the president wants to use his power to pass the tax bill, he may have his way, but it has its consequences for the people.”
The tax reform bill, which recently passed its second reading in the Senate, has encountered resistance, particularly from northern elites.
Former Vice President Atiku Abubakar emerged as a leading voice of opposition, urging the National Assembly to revisit and publish the resolutions of the National Economic Council (NEC).
“I call on the NASS to revisit and make public the resolutions of the NEC… The contents of the Bills must align with the interests of the vast majority of Nigerians,” Atiku said.
He emphasized the need for a fiscal system rooted in justice, fairness, and equity and warned against policies that exacerbate regional inequality.
Senator Rabiu Kwankwaso, former Kano State governor, criticized the bill’s timing, citing Nigeria’s ongoing economic struggles.
In a strongly worded post on X, he stated, “Now is not the right time to review VAT or introduce new taxes… The government must prioritize relief for the people rather than impose additional burdens.”
Senator Ali Ndume, known for his fiery rhetoric, argued that raising taxes amid widespread poverty is illogical.
“This tax they’re talking about… We are almost losing the middle class in Nigeria. It is either you have it or you don’t. Those in the middle are being squeezed out,” he stated.
Ndume accused the bill’s architects of setting up Tinubu for failure and criticized its potential to worsen Northern poverty.
“Tax those who can afford it. Big companies evade taxes, yet you want to squeeze ordinary Nigerians further,” he argued
The National Economic Council, comprising all 36 state governors, has also voiced strong reservations.
The council criticized the lack of transparency and communication surrounding the bill and urged President Tinubu to drop it.
Citing misinformation and miscommunication, the NEC emphasized the need for broader consultations to ensure the bill aligns with Nigeria’s socioeconomic realities.
As the Tax Reform Bill advances through the National Assembly, the voices of opposition continue to grow louder.
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