Ned Nwoko (PDP-Delta) says the four new tax reform bills before the National Assembly would provide a stronger safety net for Nigerians.

Nwoko, representing Delta North senatorial district and a Senate Committee on Constitutional Amendment and Finance member, said this in Abuja on Wednesday.

He said this was particularly so if the presidency adopted his proposed National Social Security Agency model.

According to him, Nigeria’s tax system has long been due for reform, and the four bills currently before the National Assembly offer us a critical opportunity to address the deep-rooted fiscal challenges we face.

The lawmaker also said it was not taxation that was the problem, but how the revenues were utilised for the benefit of the people mattered.
He added that the concerns raised in opposition were not unique to Nigeria.

On November 28, the Senate passed for a second reading the tax reform bills forwarded to it by President Bola Tinubu in October 2024. The passage followed a debate among the lawmakers.

The bill was referred to the Committee on Finance, which was asked to revert within six weeks. Before the debate, the lawmakers had gone into about an hour closed-door session.

On Tuesday, Mr Tinubu directed the justice ministry to work closely with the National Assembly to address concerns within and outside the legislature.

(NAN)