The Senate has commenced a two-day public hearing on proposed tax reform bills, bringing together key stakeholders from the nation’s economic and financial sectors to discuss and shape crucial fiscal policies.
Channels Television reports that the hearing kicked off at the National Assembly with the participation of high-profile government and industry figures.
These include the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, the Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, members of the Federal Executive Council, heads of relevant agencies, and the Comptroller General of Customs, Adewale Adeniyi, among others.
Chairman of the Senate Committee on Finance, Senator Sani Musa, reiterated that the process would be conducted transparently and in alignment with the national interest. He highlighted that the core objective of the hearing is to review and modernize Nigeria’s tax laws to reflect current economic realities and ensure sustainable revenue generation.
Senator Musa stressed that the proposed reforms are designed to ensure fairness, equity, and inclusivity while addressing inefficiencies in existing tax policies.
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