Ali Ndume, the Senator of Borno South has stated his opposition to the tax reform bills.
Tinubu’s proposed legislation aims to overhaul the
country’s tax collection and administration systems,
presenting an opportunity to create a more equitable and efficient taxation model.
At the heart of the bill are transformative provisions, such as revisions to the Value Added Tax (VAT) revenue-sharing formula and exemptions for small businesses and the average Nigerians.
Meanwhile, these changes could potentially revitalize Nigeria’s economy, they also expose critical issues within the country’s federal structure, particularly the economic imbalances amongregions (States and Local Government.
According to Ndume, the North is an asset and not a
liability to Nigeria.
In addition, Noume criticized the timing and scope of the bills, saying that they disproportionately target low- and middle-income Nigerians who are already suffering from President Bola Tinubu administration’s economic policies.
According to him, the North will never be a parasite or dependent on any region or even the country.
He explained, “As it is, the law is against all low- and middle-income Nigerians.
Also Read: Why Nigerians No Longer Have Confidence In Lawmakers – Ndume
Ndume called for the withdrawal of the tax reform bills, stressing the need for broader consultations and greater stakeholder involvement and advised the Federal Inland Revenue Service, FIRS, to focus on expanding the tax net and improving accountability and transparency.
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