Tax reform bills: We shouldnt wait for 20 years to get it right – Tinubu’s aide
Tax
Abdullateef Fowewe
The Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, has described as “disingenuous” claims that the Tax Reform Bills are being rushed through the National Assembly for ulterior motive.
According to a remark he shared on X (formally Twitter) on Monday, Nigeria has suffered significant losses in revenue, investments, and job opportunities in the Oil and Gas sector due to the delayed passage of the Petroleum Industry Bill.
He wrote, “It is very disingenuous to say that the Tax Reform Bills that are product of 14 months of extensive work by over 80 professionals drawn from every part of the country, across various professions and sectors of the economy are being rushed through the National Assembly for an ulterior motive.
“The suggestion that it took Petroleum Industry Bill (PIB) over 20 to get through the parliament is backward thinking. Nigeria lost too much for the failure to pass the PIB on time in terms of revenue, investments and jobs in the Oil & Gas sector.
“We should not wait for another 20 years to do what is right for our country.”
Dailyeconomy had earlier reported that the tax reform bills, including the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill, were sent to the National Assembly for passage since October 2024.
The bill mounted second-reading passage at the Senate last week.
