Tax Reform Bills: We aim for $1 trillion economy, says Senator Musa

The chairman of the Senate Committee on Finance, Sani Musa, has assured that the Senate would produce legislation from the tax reform bills to make Nigeria’s economy a trillion-dollar base.
He added that President Bola Tinubu had tasked the National Assembly with this goal and that the legislature was committed to creating a tax law acceptable across the country.
Mr Musa made the statement while speaking with journalists in Abuja on Tuesday.
He emphasised that following the recently concluded public hearing on the tax reform bills, the committee would consider all stakeholders’ input on their merits.
“We are going to give this country a piece of legislation that is workable,” the lawmaker said. “We will review everything and, after this, go on a three-day retreat for consultations with experts.”
“We are also consulting with the Attorney-General of the Federation to ensure the law is constitutional and practical.”
Mr Musa stressed that the focus was on creating a law acceptable to all Nigerians.
He noted that the president had envisioned a one trillion-dollar economy for Nigeria, reflecting the direction of the reform.
In related comments, Senator Abdul Ningi of Bauchi Central supported the bills, describing them as essential for Nigeria’s development and dispelling claims of regional opposition.
He noted, “This tax reform has embraced a Nigerian dimension, not a north-south dichotomy.”
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Fire service rescues man trapped under collapsed Kano wall
The PRO said that the victim was rescued alive and conveyed to the Murtala Muhammed Specialist Hospital, Kano State.

Heading 1
Alake of Egbaland endorses PDP candidate Adebutu for 2027 Ogun governorship race
Mr Adebutu accused successive administrations of denying local governments the financial independence needed to drive development.

Hot news Home top
Tinubu urges ECOWAS to present united voice against Afro-phobic attacks in South Africa
Mr Tinubu condemned, in the strongest terms, the recent attacks on Nigerian citizens and other Africans in the Republic of South Africa.

Hot news Home top
How I took N1million ransom to Osun after my five-year-old daughter’s abduction from Ibadan home: Mother
Mrs Gbemiga said the abduction caused anxiety and led to a call from an unknown person who initially demanded N10 million ransom.

Heading 3
Three youngsters die, one battling for life as speeding vehicle rams into Abuja bridge
A FRSC Route Commander, Jubrin Lawal, who led the rescue operation, said that three of the four men in the vehicle died on the spot.

NationWide
NRS gives large taxpayers July 31 deadline for e-invoicing compliance
Mr Adekambi described large taxpayers as companies with gross turnover of N5 billion and above.





