The National Economic Council (NEC) has recommended that President Tinubu withdraw the proposed bills following controversies surrounding their introduction.
The bills were sent to the National Assembly based on the findings and recommendations of the Presidential Committee on Fiscal and Tax Reforms, which was established by the President to enhance revenue generation in the country.
However, NEC unanimously advised that the bills be withdrawn, emphasizing the need for greater alignment and consultation among stakeholders regarding the proposed reforms.
Despite this advice, President Tinubu has stated that the bills will not be withdrawn from the National Assembly. He explained that they should undergo the full legislative process.
One of the most vocal opponents of the Tax Reform Bills is Senator Ali Ndume, who has consistently called for their withdrawal. After the bills passed their second reading in the Senate last week, Ndume questioned the urgency of their passage and reiterated his call for the President to heed NEC’s recommendation to withdraw the bills.
“It is not that I am totally saying that we should throw away the baby with the bath water, but since the governors who are our leaders, the National Economic Council and many individuals have said that it is not that we should throw away the bills, no. Withdraw the bill, do more consultations and then bring the bill again. Why are they in a hurry? That is a big suspicion, Ndume said.
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