The Nigerian Senate will begin a two-day public hearing on tax reform bills on Monday, aiming to restructure the country’s tax system and enhance revenue generation.
Thank you for reading this post, don't forget to subscribe!Senator Sani Musa, Chairman of the Senate Committee on Finance, confirmed the hearing after a closed-door meeting on Wednesday, emphasizing that it follows extensive consultations with key stakeholders.
The hearing, organized by the Senate Committee on Finance, will involve discussions with 71 critical stakeholders, including top government officials.
On Monday, deliberations will focus on the Joint Revenue Board Establishment Bill and the Nigerian Revenue Services Bill, while discussions on the Nigerian Tax Administration Bill and the Nigerian Tax Bill will take place on Tuesday.
High-profile participants expected at the hearing include the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Attorney-General of the Federation, Lateef Fagbemi; Federal Inland Revenue Service (FIRS) Chairman, Zacch Adedeji; National Bureau of Statistics CEO, Prince Adeyemi Adeniran; and ministers overseeing petroleum, trade, and investment.
Senator Musa assured that the process will be thorough and transparent, addressing all concerns to achieve the best outcome for Nigeria’s economic future.