Senate Moves Forward: No Halt in Tax Reform Debate
The South—South causes of the Nigeria Senate have held an indoor emergency meeting to bolster support for the tax Bills presented by the Nigerian president. The National Assembly has been divided following contentions over the VAT provisions in the proposed tax reform bills.
The development comes as an indication that the Senate is preparing to revise the bill. Many believed that it would be revised. Announcing their decision in a communique on Thursday, after the meeting on Wednesday, Lawmakers hailed the landmark tax reform bills, citing that they would enhance national revenue and foster economic stability.
As part of the communique signed by the Senator Seriake Dickson of Bayelsa west read.” We, the senators of the FRN from south -south geopolitical zone, met on Wednesday, December 4th 2024,to deliberate on key national issues and the role of the Senate in advancing the collective interest of the country.
The importance of tax reforms in ehancing national revenue and fostering economic stability, we have thereby resolved to support the tax reforms bills.
The sudden support was anchored on a comprehensive study and thorough evaluation of the content of the bills to ensure they very well align with the overall interest of Nigerians, particularly the well being of the South-South region.
The South-South committee called on the immediate restraint on the part of those really bent over heels on introducing sentiments weather regional, ethnic or tribal to a national dialogue.
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