The Deputy Speaker of the House of Representatives highlighted the importance of tax reform bills before the National Assembly to enhance Nigeria’s revenue base and attract investments, during a meeting in London. He emphasized the need to update outdated tax laws to align with global standards, streamline taxation, and support investors burdened by multiple levies. The ongoing legislative agenda includes executive bills like the Nigeria Revenue Service (Establishment) Bill, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, and the Joint Revenue Board (Establishment) Bill. The Deputy Speaker also outlined the House’s focus on national security, law reforms, economic development, social sector growth, inclusion, foreign policy, and environmental sustainability. Moreover, he called for constitutional amendments on crucial issues like women’s participation in politics, state policing, fiscal federalism, and local government autonomy. Collaboration with the UK government on various sectors like public engagement, technology, automobile manufacturing, and food security was also discussed. Additionally, efforts to address security challenges in the South-East region through non-violent approaches were mentioned, alongside a call for the release of a detained leader for peace initiatives. The focus was on rebuilding the South-East region through initiatives like the South-East Development Commission, promoting development and stability.
Tax reform bills will boost revenue, attract investments – Kalu
