Leadnaija
In a significant move toward fiscal restructuring, the Nigerian Senate has successfully passed two of the four proposed Tax Reform Bills during today’s plenary session.
The bills, part of the Federal Government’s broader push to overhaul the nation’s tax framework, were presented by the Senate Finance Committee and debated clause-by-clause by lawmakers earlier in the day. The remaining two bills are scheduled for consideration tomorrow.
Senate President Godswill Akpabio urged all senators to review the remaining bills thoroughly ahead of tomorrow’s session, emphasizing the importance of “careful scrutiny and responsible legislation” in reshaping Nigeria’s economic future.
The tax reform initiative aligns with the current administration’s agenda to enhance revenue generation, close loopholes, and create a more equitable and efficient tax system. Full details of the bills passed today are expected to be released shortly.
