The National Economic Council (NEC) has sought the withdrawal of the controversial Tax Reforms Bill from the National Assembly to allow for wider consultations.
The Oyo Governor, Seyi Makinde, who made this known to Journalists at the end of the 145th NEC meeting at the presidential villa, Abuja today, October 31, said this decision formed part of resolutions reached at the meeting.
Governor Makinde said that Council members agreed that it was necessary to allow for consensus building and understanding of the bill among Nigerians.
“NEC noted the need for sufficient alignment on the proposed reforms and recommended the withdrawal of the tax reform bill.”
Governor Makinde said that this decision is for the benefit of the country and emphasised the need for further consultations regarding the bill.
NEC’s decision is coming about a week after the Northern Governors, traditional rulers and other leaders against the reforms bill, though the presidency took time today to explain the position of the bill which emanated from President Bola Tinubu
At a meeting on October 28, the Northern Governors’ Forum and leaders rejected the new derivation-based model for Value-Added Tax distribution in the new tax reforms bill before the National Assembly.
