Senators from South-East States Endorse Tax Reform Bill Amid Calls for Broader Consultation.

In a significant development, senators from the five South-East states have expressed their support for the Tax Reform Bill during a recent meeting of the South-East Senate Caucus. This endorsement, articulated by Abia North Senator Orji Uzor-Kalu, underscores the senators’ commitment to advancing fiscal reforms while emphasizing the necessity for further dialogue with key stakeholders.

Senator Kalu shared insights into the caucus discussions via his X handle, highlighting that while the bill received unanimous backing, there was a collective agreement on the importance of engaging with various stakeholders to address existing concerns. “The Tax Reforms Bills were thoroughly deliberated during the South-East Senate Caucus today, which I actively participated in,” he stated. “While it was agreed that the Bill should be supported, it was agreed that extensive consultations with all major stakeholders are essential.”

Furthermore, Senator Kalu has previously characterized the bill as transformative, asserting that it has the potential to restore fiscal federalism in Nigeria. However, he criticized the federal government for not involving the National Economic Council (NEC) and the Nigeria Governors’ Forum (NGF) in the bill’s formulation prior to its submission to the National Assembly. “Many senators have not been briefed. I think the federal government made a mistake,” he remarked, emphasizing the need for comprehensive stakeholder engagement.

As the discourse surrounding the Tax Reform Bill continues, the senators’ call for broader consultations reflects a conscientious approach to governance, aiming to ensure that the interests of all parties are considered in the legislative process.