The House of Representatives has commenced debate on four tax reform bills presented by President Bola Tinubu to the National Assembly in 2024. These bills, which include the Nigeria Tax Bill 2024, Tax Administration Bill, Nigeria Revenue Service Establishment Bill, and Joint Revenue Board Establishment Bill, aim to reform the country’s tax system.¹
The debate comes six months after the President transmitted the bills to the National Assembly, following recommendations from the Taiwo Oyedele-led Committee on Fiscal Policy and Tax Reforms. However, the bills have been met with controversy, criticism, and opposition from northern governors, opposition politicians, and other stakeholders.
During the plenary session, most lawmakers expressed support for the bills, but some raised concerns. Lawmaker Sada Soli noted that certain sections of the bills might contradict the 1999 Constitution, particularly regarding the issue of derivation. He emphasized the need for clarity to avoid ambiguity.
Other lawmakers pointed out that the bills seek to amend 40 existing acts and requested that these acts be presented before Parliament. They also highlighted the issue of multiple taxation on property purchases, which requires both the buyer and seller to pay tax.
The debate on these tax reform bills is a crucial step towards addressing the country’s fiscal challenges. As the House of Representatives continues to scrutinize the bills, it is essential to address the concerns raised by lawmakers and stakeholders to ensure that the reforms benefit the nation as a whole.
