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Oluwafemi Awodele
3 weeks ago
Overview
Economists Bismarck Rewane and Biodun Adedipe have expressed optimism regarding the tax reform bills currently before the National Assembly.
They shared their views on the bills during the FirstBank Nigeria Economic Outlook 2025 event, which took place in Lagos on Wednesday.
The theme of the event was ‘Nigeria 2025: Path to Economic Rebound & Recovery.’
In October, President Bola Tinubu sent four tax reform bills to the National Assembly for consideration.
Rewane, the Managing Director of Financial Derivatives, shared his thoughts on the bills and their potential impact.
The proposed bills include the Nigeria Tax Bill 2024, which aims to establish a comprehensive fiscal framework for tax regulation, and the Tax Administration Bill, which seeks to provide a clear and concise legal structure for managing taxes in Nigeria to reduce disputes and enhance efficiency.
Other bills include the Nigeria Revenue Service Establishment Bill and the Joint Revenue Board Establishment Bill, which propose the creation of a tax tribunal and a tax ombudsman to address tax-related matters.
more: https://punchng.com/economists-back-nigerias-tax-reform-bills-highlight-key-changes/
