The Deputy Spokesman of the House of Representatives, Mr Philip Agbese, has expressed support for President Bola Ahmed Tinubu’s Tax reform policies, stating that it possesses lots of benefits for the country’s economy.
He made this known while speaking to newsmen on Monday.
Agbese noted that as a known supporter of the President, he remains convinced that the reform bills would stimulate the economy if enacted and implemented.
He also stated that his decision to lead parliamentary support for President Bola Tinubu’s Tax Reform Bills, currently before the National Assembly, stems from the need to stimulate the economy and establish a streamlined tax administration system, free from multiple taxation.
News About Nigeria reports that the President submitted four tax reform bills to the National Assembly for consideration, on the 3rd of September 2024, and the bills were based on recommendations from the Presidential Committee on Fiscal and Tax Reforms.
The bills include the Nigeria Tax Bill 2024, aimed at providing a fiscal framework for taxation in the country, and the Tax Administration Bill, which seeks to offer a clear and concise legal framework for all taxes, reducing disputes.
The executive bills have, however, faced opposition from state governors, who requested their withdrawal to allow for more consultation, a proposal rejected by President Tinubu.
Reacting to this, Agbese stated that those against the bills are afraid of being transparent and accountable.
He, therefore, urged the 36 state governors to reconsider and support the Federal Government.
He stated, “I am one of the strongest advocates of President Tinubu’s tax bills because I am a reformer and believe in changes that will benefit the country. I have studied the document and am convinced beyond doubt that it will help to improve the nation’s economy.
“Those who are afraid fear accountability and transparency. These bills will bring awareness to taxpayers, and once people understand what they pay to the government and what the government earns, there will be a greater demand for accountability.”
