How Tax Reform Bills ‘ll Promote Equitable Resoure Allocation -Tinubu

Abiola Olawale
Writer

Ad

Controversy as BBC Chiefs Resign for Allegedly Doctoring Trump’s Comments

By Abiola Olawale The BBC, one of the world's most prominent public broadcasters, has been rocked by an editorial scandal leading to the resignations of its Director-General, Tim Davie, and its CEO of News, Deborah Turness. The New Diplomat reports that their resignation follows intense pressure over a leaked internal memo alleging the broadcaster's flagship…

Oil Prices Climb as Senate Passes Deal to Reopen Government

In early Asian trade on Monday, crude oil prices were climbing after the United States Senate passed a funding agreement that could end the federal government shutdown. At the time of writing, WTI had climbed to $60.20 while Brent was trading at $64.05, both up by roughly 0.7%. Senate negotiators had struck a deal ahead of a Sunday…

Regina Daniels Vs Ned Nwoko: The Fleeting Illusion of Life

By Fred Chukwuelobe Once upon a time dazzling Regina Daniels and wealthy Senator Ned Nwoko were love birds. They bestrode the world and were the ultimate love birds not withstanding the age difference between them. Some saw the relationship as “child abuse” as Daniels was still a teenager and Nwoko an elder. The two cared…

Ad

By Kolawole Ojebisi

President Bola Tinubu, on Monday, defended his four tax reform bills currently before the National Assembly.

This is as Tinubu explained how the bills will enhance equitable resoure allocation among the major geopolitical zones in the country.

He also noted that the bills are aimed at boosting the nation’s revenue.Tinubu emphasised the need for collaboration and not confrontation between the executive and the legislative arms of government to move the nation forward.

Represented by the Director General of the Nigeria Institute of Peace and Conflict Resolution, Dr Joseph Ochoku, the President spoke on Monday in Ibadan at the 7th annual Senator Abiola Ajimobi roundtable and 75th posthumous birthday of the late former governor of Oyo State, held at the University of Ibadan.

“These reforms, when enacted, promise to streamline tax administration, enhance revenue generation, and promote equitable resource allocation.

“They are pivotal to our mission of building an inclusive, prosperous, and sustainable Nigeria and making our country competitive to attract foreign direct investment.”

Tinubu said his administration was working to insulate the constitutional roles of each arm of government from primordial sentiments as he expressed belief in press freedom.

“We also believe in press freedom and in holding government accountable. Thus, in our drive to deepen and consolidate the culture of democratic governance, we have been working assiduously to insulate the constitutional roles and functions of each arm of government from primordial sentiments, lack of engagement, and the dissemination of fake news and hate speeches,” he said.

Tinubu lauded the late Ajimobi for leaving a legacy of infrastructural rejuvenation, healthcare delivery, quality education, mechanised agriculture, peace and security as a two-term governor of the state.

“He was a committed party man, with whom we formed the All Progressives Congress in 2013 to pursue people-centric economic growth and development, good governance, transparency, openness, accountability, and inclusivity.

“After serving in the legislative and executive arms of government, Ajimobi served briefly as the acting chairman of the APC before he succumbed to death on June 25, 2020,” he said.

The tax reform bills before the National Assembly have become a subject of heated debates with the North particularly rejecting them.

Ad

X whatsapp