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Tax Reform Will Drive Nigeria Towards $1Trillion Economy – Senate
The Nigerian Senate has emphasized that the proposed Tax Reform Bills will be instrumental in helping the country reach its $1 trillion economy target set by President Bola Ahmed Tinubu’s administration.
Senator Sani Musa, Chairman of the Senate Committee on Finance, made this announcement on Tuesday during a press briefing in Abuja. He mentioned that the committee is planning to hold a three-day retreat to review the memoranda submitted by stakeholders on the Bills.
Senator Abdul Ningi, Chairman of the Senate Committee on Sports, also acknowledged the growing national significance of the Tax Reform Bills. While initially opposed to the reforms, Ningi credited the involvement of state governors for enabling the public hearing process, which has allowed key stakeholders to share their perspectives and contribute to shaping the legislation.
