





























Loading banners
Loading banners...


NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

File photo of the Nigerian Senate
The Senate is embroiled in contradictions over the status of the Tax Reform Bills submitted by President Bola Tinubu.
Despite reports claiming the suspension or withdrawal of the bills, Senate Leader Senator Opeyemi Bamidele (APC, Ekiti Central) has clarified that deliberations are ongoing, dismissing any notion of suspension.
Raising a point of order during Thursday?s plenary, Bamidele refuted media reports, particularly those aired by Arise Television, which alleged the withdrawal or suspension of the Tax Reform Bills. He explained that the Senate merely constituted a committee to engage with the Attorney General of the Federation (AGF), Lateef Fagbemi, to address contentious provisions in the bills.
Bamidele described the reports as attempts to misrepresent and intimidate the Senate, emphasizing its independence and constitutional role. He said: ?We have not suspended or withdrawn deliberations on the Tax Reform Bills. Any attempt to intimidate the Senate is undemocratic. These bills are executive communications, and only the executive arm can withdraw them. We remain steadfast in our legislative responsibilities.?
?We don?t take orders from anyone or any office, no matter how highly placed. The Senate is where we deliberate, make laws, and represent the people. Misunderstanding the legislative process does not justify issuing misleading reports.?
Bamidele explained that the Tax Reform Bills, transmitted by the executive, cannot be withdrawn by any senator or the Senate itself. The ongoing deliberations aim to resolve issues collaboratively.
The contradiction stems from statements made by Deputy Senate President Senator Barau Jibrin (APC, Kano North) during Wednesday?s plenary. Jibrin announced the suspension of further legislative actions on the bills, citing the need for consultations with the AGF to resolve contentious issues. He mandated the Senate Committee on Finance to halt public hearings and other actions until the issues are resolved.
?By tomorrow (Thursday), the committee we set up will meet with the AGF to address concerns surrounding the Tax Reform Bills. Until these issues are resolved, the Committee on Finance should put further action on hold.?
However, Senate President Godswill Akpabio supported the continuation of deliberations, thanking the Ad-Hoc Committee for initiating consultations. Akpabio emphasized:
?The bills are alive, have not been suspended, and have passed second reading. Further legislative actions are ongoing.?
On September 3, 2024, President Tinubu transmitted four tax reform bills to the National Assembly for consideration, following recommendations from the Presidential Committee on Fiscal and Tax Reforms led by Taiwo Oyedele.
Nigeria Tax Bill 2024 ? Establishes a fiscal framework for taxation
Tax Administration Bill ? Provides a legal framework to streamline tax administration and reduce disputes.
Nigeria Revenue Service Establishment Bill ? Replaces the Federal Inland Revenue Service Act with the Nigeria Revenue Service.
Joint Revenue Board Establishment Bill ? Establishes a tax tribunal and ombudsman.
In October, President Tinubu rejected a National Economic Council (NEC) recommendation to withdraw the bills for wider consultation, advocating for their passage through legislative processes to ensure public input at hearings.
The Senate remains divided on the path forward, reflecting the complexities of legislative deliberations and the critical importance of tax reforms to Nigeria?s fiscal stability. (Vanguard)