January 17, (THEWILL) – President Bola Tinubu has lauded the Nigeria Governors’ Forum for their unanimous endorsement of four Tax Reform Bills currently being considered by the National Assembly, describing their support as a milestone in Nigeria’s development agenda.
In a statement issued on Friday, Tinubu praised the governors for demonstrating bold leadership and fostering unity across regional, ethnic, and political lines in their collective pursuit of Nigeria’s economic growth.
THEWILL reports that the NGF’s endorsement followed consultations with the Presidential Committee on Tax and Fiscal Policy, during which the Forum emphasised the importance of overhauling Nigeria’s outdated tax laws.
The governors noted that reforming the tax system would promote fiscal stability and align the country’s policies with global best practices.
Tinubu expressed his appreciation for the governors’ collaborative efforts, describing their engagement with the Presidential Committee as a commendable demonstration of federal-state cooperation.
“I commend the Chairman of the NGF, Kwara State Governor Abdulrahman AbdulRazaq, for his leadership in galvanizing his colleagues to support these transformative tax bills aimed at rejuvenating the economy and creating a more conducive environment for investment,” Tinubu said.
He also extended commendations to the Progressive Governors Forum, the Northern Governors Forum, and other regional groups for resolving the controversies that initially surrounded the bills.
Highlighting the objectives of the Tax Reform Bills, Tinubu noted that they are designed to serve national interests, improve Nigeria’s economic competitiveness, and attract investments.
“The pro-poor reforms are a necessary step toward modernizing our tax system and ensuring sustainable economic growth,” he said.
The President further emphasised the value of dialogue, describing the consultations between the NGF and the Presidential Committee as a testament to the power of constructive engagement in addressing differences.
Tinubu affirmed his commitment to partnering with the governors to promote economic growth, peace, and national harmony.
He urged other stakeholders with suggestions on refining the Tax Bills to contribute to the ongoing legislative process.
The President also called on the National Assembly to expedite the passage of the bills, emphasising their critical importance in transforming Nigeria’s fiscal landscape and unlocking the benefits of these reforms for the nation.
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