Tinubu hails governors on endorsement of tax reform initiatives 

President Bola Tinubu on Friday applauded the Nigeria Governors’ Forum over the group’s unanimous endorsement of the four Tax Reform Bills currently under consideration by the National Assembly.

This is as he urged the National Assembly to expedite legislative action on the bills so that the country can swiftly reap the benefits of the reforms.

President Tinubu also lauded the governors for their bold leadership and commitment to fostering unity among leaders nationwide, transcending regional, ethnic, and political barriers to advance Nigeria’s development.

The President noted that the dialogue between the NGF and the Presidential Committee on Tax and Fiscal Policy Reform highlights the power of constructive conversation in resolving differences.

He said “Thursday’s productive consultation between the Nigeria Governors’ Forum and the Presidential Committee on Tax and Fiscal Policy is a commendable example of cooperation between the Federal and State governments.”

READ ALSO:I celebrated Tinubu’s election victory but he has no plan – Bauchi governor

President Tinubu particularly extended special commendations to the Chairman of the Governors’ Forum, Kwara State Governor Abdulrahman AbdulRazaq, for galvanising support among his peers for these transformative tax bills to rejuvenate the national economy and enhance Nigeria’s investment climate.

The President also commended the Progressive Governors Forum, the Northern Governors Forum, and all other groups that made the bipartisan resolution of the controversy stirred by the tax bills possible.

He underscored that the primary aim of the Tax Reform Bills, which is pro-poor, is to promote national interests, improve the competitiveness of Nigeria’s economy, and attract both local and foreign investments.

He said updating the country’s outdated tax laws is essential to the endeavour.

He also noted the governors as vital contributors to nation-building, while affirming his commitment to partnering with them to promote economic growth, national harmony, peace, and stability.

In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu further urged other stakeholders with ideas and suggestions for refining the Tax Bills to engage with the ongoing legislative process at the National Assembly.