Tax Reform Bill: Tinubu turns down NEC advice, insists on legislative process

President Bola Tinubu has insisted that the Proposed Tax Reforms Bill currently before the National Assembly will go through legislative processes.

The president stated this on Friday in a statement issued by Bayo Onanuga, the President’s spokesperson.

Earlier, the National Economic Council (NEC) had advised the executive to withdraw the bill from the National Assembly.

The advice came amid stiff opposition from some stakeholders in the northern region, who stated that the proposed tax reforms bill is against the region and should be withdrawn.

In his reaction, Onanuga admonished those with any form of misgivings with regard to the bill to come forward with their inputs during public hearings.

“President Tinubu commends the National Economic Council members, especially Vice President Kashim Shettima and the 36 State Governors, for their advice.

“He believes that the legislative process, which has already begun, provides an opportunity for inputs and necessary changes without withdrawing the bills from the National Assembly.

“While urging the NEC to allow the process to take its full course, President Tinubu welcomes further consultations and engagement with key stakeholders to address any reservations about the bills while the National Assembly considers them for passage”, the statement added.