“We have eliminated the tax component for people at the bottom, we have reduced for people at the middle, and we have increased slightly for people at the top,” Mr Oyedele said.
Mr Oyedele was born on June 18, 1975, in Ikare-Akoko, Ondo.
“The bill is designed in a way to favour low-income earners contrary to what is being claimed, it will also ease their burden,” said Mr Oyedele.
“We will use data to engage with the people and design a solution for Nigeria that is made by Nigerians for the Nigerian people,” said Mr Oyedele.
Ibrahim Abbas complained that the federal government’s policies appeared to be designed against federal civil servants.
Mr Oyedele expressed confidence in Mr Tinubu’s economic reforms, insisting Nigeria’s unchecked reliance on borrowing was unsustainable.
He said that the progressive VAT reforms would reduce and not increase inflation.
Mr Sanwo-Olu emphasised the need for reforms in spite of resistance from certain quarters.
He said the proposed reforms aimed to alleviate the tax burden on the poorest citizens.
The bills seek to provide a fiscal framework and clear and concise legal frameworks for all taxes in the country and reduce disputes in tax administration.
