Tinubu’s Tax Bills Will Ease Burden on Small Businesses – Agbese

Date:

Deputy Spokesman of the House of Representatives, Philip Agbese, has expressed strong support for President Bola Tinubu’s proposed tax reform bills, asserting that their implementation will alleviate the financial burden on poor Nigerians and small businesses.

The four executive bills, however, have sparked a standoff between the Federal Government and the 36 state governors, with some governors initially opposing the bills over concerns about insufficient consultation. Borno State Governor, Prof. Babagana Zulum, has remained steadfast in his opposition, urging his northern counterparts to reject the proposals, citing potential harm to the region’s economy.

Agbese, speaking to journalists in Abuja on Saturday, called for Nigerians to unite behind the tax reforms. He emphasized that lawmakers were prioritizing the nation’s collective interest above regional or personal considerations.

“These bills will be debated on Tuesday, and we expect robust deliberations that will lead to their passage,” Agbese said. “Many lawmakers who were initially opposed have shifted their stance after reviewing the bills, recognizing their potential to spur economic growth and infrastructure development.”

Agbese also commended President Tinubu’s vision for progressive taxation, noting that the proposed reforms aim to reduce the tax burden on vulnerable citizens and small enterprises.

“Under this new tax regime, poor Nigerians and small companies will see relief, while larger entities contribute more equitably to the nation’s development,” he said. “This forward-thinking approach will enhance revenue generation and drive economic transformation.”

He urged Nigerians to embrace the proposed reforms, highlighting their potential to strengthen public infrastructure and foster long-term economic stability.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Sponsored

spot_imgspot_img

Popular

Related

Oketola leads IVLPAAN negotiation masterclass to empower professionals

In a bold call for professionals, creatives, and entrepreneurs...

Kida Storms Abidjan as D’Tigress Seek a Record Extending 27th Straight Afrobasket Win

In a move that underscores his unyielding commitment to...

Veterans, Newcomers clash as 1xCup 2025 Play-In Round Heats Up

Football fans across Nigeria are in for a thrilling...

A Symbol of Service: Water FC President Honours Late Ekene Adams

One year after the passing of Honourable Ekene Adams,...