WEDNESDAY May 7, 2025 |
The leadership of the 10th Senate has postponed the passage of President Bola Tinubu’s tax reform bills to Wednesday, May 7, for proper scrutiny and debate, according to ThePUNCH reports.
The four bills, Nigerian Tax Bill, Tax Administration Bill, Revenue Tax Board Bill, and Nigerian Revenue Service Establishment Bill were forwarded By US the President six months ago as part of efforts to reform the country’s fiscal policies and boost revenue generation.
The delay in the passage of the bills had raised concerns, especially after the House of Representatives approved them two weeks ago, putting pressure on the Red Chamber.
In a related development, the Senate leadership resolved to hold a two-day national security summit to brainstorm a solution to the rising wave of killings and other forms of insecurity in the country.
