Nasarawa State Governor Abdullahi Sule has stated that discussions surrounding the proposed tax reform bills are intended to uphold President Bola Tinubu’s vision rather than criticize or oppose him.
This declaration follows the Nigerian Governors Forum’s (NGF) recent decision to back President Tinubu’s tax reform proposals, a move that represents a pivotal moment in efforts to refine Nigeria’s tax framework.
Governor Sule hailed the development as a significant achievement for the country and particularly beneficial for the northern region.
Speaking during an interview on Politics Today on Channels TV on Thursday night, he explained that the governors’ endorsement came with specific terms that the President’s Tax Reform Committee, chaired by Taiwo Oyedele, has agreed to incorporate.
One of the key adjustments involves a revised formula for distributing Value-Added Tax (VAT) revenues: 50% will be allocated for equity, 30% based on derivation, and 20% tied to consumption tax.
According to Governor Sule, the amended tax reform bill will deliver considerable advantages to the North.
He also emphasized that the NGF’s decision to support the reforms demonstrates a unified approach to achieving fiscal balance and equity across the nation.
Initially hesitant about the reforms, the NGF’s change in stance represents a significant compromise designed to harmonize federal and state interests.
The tax reform bills are now awaiting consideration by the National Assembly, with analysts predicting thorough discussions in the coming weeks.
