House of Reps Passes Tax Reform Bills Controversially for Passage into Law

The House of Representatives on Tuesday, March 18, passed the four tax reform bills sent to the National Assembly in October 2024, taking them one step closer to becoming law. The bills were first vetted and approved by the House Committee on Finance, which considered the proposals and balanced feedback from Nigerians before submitting its recommendation.

Despite fierce opposition from various stakeholders like Northern leaders, the Nigeria Governors Forum, and others, the House proceeded with the approval of the reforms.

Some critics have complained that some of the provisions in it could have economic and political implications.