Senate South East Caucus Reveals Position On Tax Reform Bills

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The South East Caucus in the Senate has joined other key stakeholders in urging for broader consultations on the Tax Reform Bills currently before the National Assembly, which are set to be considered and potentially passed soon.

Senator Enyinnaya Abaribe (APGA, Abia South), leader of the Caucus, made the announcement today during a press briefing following a closed-door meeting with senators from the five South Eastern states at his office.

Abaribe emphasized that while the South East senators are not opposed to the bills, they are calling for thorough consultations with their constituents and relevant stakeholders before a final decision is made in both chambers of the National Assembly.

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“While we are not against the Tax Reform Bills currently before both chambers of the National Assembly, we believe wider consultations must be carried out,” Abaribe stated.

He emphasized the importance of engaging with constituents from all 15 senatorial districts in the Southeast zone, as well as collaborating with state governments and other key stakeholders.

He stated “We have carefully reviewed the bills and feel it is essential to share our insights with stakeholders in the South East to ensure a more equitable framework in the eventual legislation. This is about ensuring that the bills serve all Nigerians fairly, particularly our region,” Abaribe added.

The proposed tax reforms include the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill 2024, the Joint Revenue Board of Nigeria (Establishment) Bill 2024, and the Nigeria Revenue Service (Establishment) Bill 2024. These bills were presented to the National Assembly by President Bola Tinubu on October 3, 2024, and have ignited significant debate nationwide.

While the presidency and the South-South Caucus in the Senate have called for quick action on the bills, other groups—such as the Nigerian Governors’ Forum, the Northern Senators’ Forum, and the Arewa Consultative Forum—have joined the South East Caucus in advocating for broader consultations.