The Senate has affirmed that proposed Tax Reform Bills will significantly contribute to Nigeria’s $1 trillion economy goal.
Senator Sani Musa, Chairman of the Senate Committee on Finance, disclosed this on Tuesday while addressing reporters in Abuja.
He revealed that the committee would soon organize a three-day retreat to review stakeholder memoranda submitted on the bills.
The retreat aims to assess submissions thoroughly, ensuring the reforms align with national economic growth objectives and public interests.
Meanwhile, Senator Abdul Ningi, Chairman of the Senate Committee on Sports, noted the bills have gained national significance.
Initially opposed to the reforms, Ningi acknowledged state governors’ interventions helped facilitate the ongoing public hearing process.
He emphasized that critical stakeholders now have opportunities to share opinions, contributing meaningfully to the legislative process.
The Senate reiterated its commitment to ensuring tax reforms promote sustainable economic growth, benefiting all Nigerians equitably.
The Tax Reform Bills are expected to enhance revenue generation, support development, and strengthen Nigeria’s overall fiscal framework.
