By Nafiu Toyin Abdulqadri
The Nigerian Governors Forum (NGF) has unanimously endorsed President Bola Ahmed Tinubu’s tax reform bills. The endorsement came after a consultative meeting between the NGF and the Presidential Fiscal Policy and Tax Reform Committee (PFPTRC) in Abuja.
Governor AbdulRahman AbdulRazaq, Chairman of the NGF, led the meeting, which aimed to address concerns and clarify grey areas surrounding the tax reforms. The governors agreed that the country’s tax law needs improvement to foster competitiveness and attract local and foreign investments.
The tax reform bills, submitted by President Tinubu to the National Assembly in October 2024, aim to strengthen Nigeria’s fiscal framework and boost revenue generation. The bills have passed the second reading in the Senate and are currently with the Committee on Finance for further legislative action.
President Tinubu has commended the NGF for their endorsement, describing it as a “commendable example of cooperation between federal and state governments”. The President also thanked the governors for their commitment to fostering national unity and development.
The endorsement by the NGF is seen as a significant step towards the passage of the tax reform bills. With the governors’ support, the bills are expected to sail through the National Assembly, paving the way for a more efficient and effective tax system in Nigeria.