Economy And Business

BREAKING: South-East Senators Declare Support For Controversial Tax Reform Bills

the senators showed their support for the Tax Reform Bill on Monday, during their South East Senate Caucus meeting.

South-East Senators have declared their support for the controversial tax reform bills.

 

NewsOnline Nigeria reports that Senators from the five South-East states have thrown their weight behind the Tax Reform Bill.

 

This Nigeria news platform understands that the senators showed their support for the Tax Reform Bill on Monday, during their South East Senate Caucus meeting.

The senators, however, called for more consultation with all major stakeholders to resolve all grievances against the bill.

 

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This was disclosed by Abia North Senator, Orji Uzor-Kalu, in a brief statement on his X handle.

 

“The Tax Reforms Bills were thoroughly deliberated during the South-East Senate Caucus today which I actively participated in.

 

“While it was agreed that the Bill should be supported, it was agreed that extensive consultations with all major stakeholders,” Senator Kalu wrote.

 

Recall that the former governor of Abia State in an interview last week described the bill as transformative. He said the bill would enthrone fiscal federalism in the country.

 

He, however, slammed the federal government for failing to carry the National Economic Council (NEC) and Nigeria Governors’ Forum (NGF) along in drafting the bill before sending it to the National Assembly.

 

“As I told you before, the bill is very progressive. It will bring back fiscal federalism. Many senators have not been briefed. I think the federal government made a mistake. The initiators of the bills would have briefed the National Economic Council, Governors’ forum,” he said.

NewsOnline Nigeria

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