The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has expressed strong confidence in the passage of the Tax Reform Bill by the National Assembly. Speaking to journalists on Monday after a closed-door meeting with the Senate ad hoc committee on tax reforms at the National Assembly, Adedeji highlighted the potential economic benefits of the bill for Nigeria, particularly in fostering states’ economic growth.
The meeting was part of a series of engagements between a federal government delegation, led by Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, and the legislative body. Adedeji noted that all contentious issues, or “grey areas,” concerning the bill were thoroughly discussed during this session.
“All those things you call grey areas were discussed, identified, and it’s just for us to continue the engagement,” Adedeji remarked, indicating that the consultations had been positive and that the process was moving in the right direction. He further stated that this meeting was the final one between the executive’s special delegation and the National Assembly, as all issues were clarified and resolutions were made for the country’s betterment.
Addressing concerns and criticisms from various governors and regional stakeholders regarding the bill, Adedeji remained optimistic about its passage. He emphasized the necessity of the reform for national progress, suggesting a broad consensus on the need for change.
“I am confident because this is what is best for the country. So it’s not only me, even the senators that brought us together, if they don’t see the positive part of it we will not be here,” he explained. Adedeji underscored that the bill’s implementation is seen as a step towards enhancing economic conditions for a larger segment of the population, aligning with President Tinubu’s vision for economic reform.
This confidence from Adedeji comes at a time when the bill is under scrutiny, with debates centered around its potential impact on regional equity, economic policy, and public welfare. However, the assurance from the FIRS Chairman suggests a hopeful outlook for the legislative journey of the Tax Reform Bill in Nigeria.
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