The Deputy Speaker of the Federation, Rt. Hon. Benjamin Okezie Kalu has assured Nigerians that tax reform bills will undergo public scrutiny to allow citizens evaluate them and make input.
He gave the assurance in his welcome remarks at the Interactive Session on Tax Reform Bills organized by the leadership of the House of Representatives on Monday in Abuja.
Kalu emphasized the need for clear articulation of necessary provisions to ensure equity, economic growth, inclusivity and also the promotion of sustainable development for the nation.
Kalu added that the reforms should be rooted in the collective aspiration to create a tax regime that works for all Nigerians, regardless of their economic standing.
The Deputy Speaker however said that more insight into how the tax reforms incentivize the digital economy, support small businesses and low-income households, and more importantly, how the Zero-Rated Value Added Tax works or should work was expected from all the stakeholders.
He said: “Today’s gathering is a testament to our shared commitment to crafting a tax system that not only generates revenue but also engenders equity, economic growth, and sustainable development for our nation.
“Tax policy is more than a fiscal tool—it is a catalyst for progress, a vehicle for opportunity, and a foundation for inclusive prosperity. Tax reforms should be rooted in our collective aspiration to create a tax regime that works for all Nigerians, regardless of their economic standing. Streamlining taxes should aim at incentivizing key sectors where taxation drives innovation, empowers businesses, and uplifts the most vulnerable among us
“In this regard, we expect more insight into how the tax reforms incentivize the Digital Economy, support small businesses and low-income households, and more importantly, how the Zero-Rated Value Added Tax works or should work. In simple terms, what mischief do we intend to cure? What is the existing tax regime and where do we want to be?
“It is crucial for these provisions to be articulated clearly, highlighting how they align with the overarching goal of engendering equity, driving economic growth, and ensuring that no section of society is left behind. It is very clear to Nigerians that there will be a need to harmonize taxes, eliminate nuisance levies, and streamline incentives will engender a more equitable and transparent tax system.
“This session is a reflection of the strength of our democracy—bringing together policymakers, stakeholders, and
citizens to deliberate on these tax reforms. These tax reforms represent a shift towards a sustainable fiscal framework, including where effective taxation is a tool for creating opportunities, reducing inequalities, and enabling every citizen to thrive.
“As these bills proceed through the legislative process, there will be opportunities for Nigerians to air their views and actively participate in shaping the final outcomes. Advocacy will also play a pivotal role in ensuring that citizens understand the objectives and benefits of these reforms, as well as the challenges they aim to resolve”.
Levinus Nwabughiogu, the Chief Press Secretary to the Deputy Speaker, of the Federation briefed PeakNews today in Abuja at the National Assembly Complex.
