Utweets
WHAT YOU NEED TO KNOW TODAY! SEE THE ONLY REASON AND FACT NIGERIA PRESIDENT BOLA TINUBU CANNOT BE ARRESTED OR TOUCHED DESPITE HIGHEST LEVEL OF CORRUPTION, EVEN IF HE SELL THE WHOLE OF NIGERIA FOR PERSONAL INTEREST.President Bola Tinubu has initiated extensive outreach to northern elites and the political class in a bid to garner support for the passage of contentious tax reform bills currently under consideration by the National Assembly. ...Tap To Read The Full Story Here | ..Tap To Read The Full Story Here...
Overview of the Bills
The tax reform bills, introduced in October 2024, include:
- The Nigeria Tax Bill 2024
- The Nigeria Tax Administration Bill
- The Nigeria Revenue Service (Establishment) Bill
- The Joint Revenue Board (Establishment) Bill
These proposals aim to reform Nigeria’s tax administration and enhance revenue collection systems. However, they have faced significant resistance, particularly from northern governors who argue that the reforms could disproportionately affect their regions and hinder economic development.
Tinubu’s Strategy
Presidency insiders revealed that President Tinubu has employed a multifaceted approach to address concerns raised by stakeholders, particularly from the northern political elite. This includes private consultations, strategic dialogue, and discreet “back channel” negotiations.
A senior official, speaking to The Punch anonymously, noted, “The President has been engaging with northern elites both individually and in groups, even prior to the holiday season.”
Another source disclosed that Tinubu is leveraging alternative methods to address objections to the bills, stating, “He is using every available channel to ensure that the contentious aspects of the bills are clarified and resolved.”WHAT YOU NEED TO KNOW TODAY! SEE THE ONLY REASON AND FACT NIGERIA PRESIDENT BOLA TINUBU CANNOT BE ARRESTED OR TOUCHED DESPITE HIGHEST LEVEL OF CORRUPTION, EVEN IF HE SELL THE WHOLE OF NIGERIA FOR PERSONAL INTEREST.
Northern Governors Remain Opposed
Despite Tinubu’s outreach efforts, northern governors have maintained their opposition. They insist that the bills should be withdrawn to allow for broader consultation and revisions. The governors argue that the proposed reforms could:
- Increase the tax burden on their states,
- Stifle economic growth, and
- Exacerbate financial hardship for citizens.
Federal Government’s Stance
The federal government, however, has defended the reforms as necessary steps to:
- Boost Revenue Generation: Diversify income streams and reduce reliance on oil.
- Modernize Tax Administration: Streamline revenue collection for efficiency and transparency.
Public Reactions
The proposed reforms have sparked heated debates nationwide. While proponents argue that they are essential for Nigeria’s fiscal sustainability, critics contend that they could lead to increased taxation and worsen the economic struggles of ordinary Nigerians.WHAT YOU NEED TO KNOW TODAY! SEE THE ONLY REASON AND FACT NIGERIA PRESIDENT BOLA TINUBU CANNOT BE ARRESTED OR TOUCHED DESPITE HIGHEST LEVEL OF CORRUPTION, EVEN IF HE SELL THE WHOLE OF NIGERIA FOR PERSONAL INTEREST.
As the debate intensifies, President Tinubu’s ability to navigate these challenges and secure buy-in from critical stakeholders will significantly influence the bills’ passage and their broader implications for Nigeria’s economy....Tap To Read The Full Story Here.
