The Presidency recently addressed the Bauchi State Governor’s comments on the Tax Reform Bill, urging him to retract what they deemed as “inflammatory” remarks. The Governor had criticized the tax reform policies, expressing concerns about their impact on the northern region and national unity. The Presidency emphasized the need for constructive dialogue between states and the Federal Government, highlighting the benefits of the Tax Reform Act and increased federal allocations to states.
The Presidency also emphasized the importance of effective poverty alleviation programs and transparent use of federal resources in addressing developmental challenges. They highlighted the significant federal allocations to Bauchi State and the various initiatives aimed at supporting state-level development through tax reforms and investment incentives. The Presidency called for unity and collaboration among public officials to achieve the shared goal of national progress.
President Tinubu’s introduction of tax reform bills in 2024 aimed to simplify the tax system, enhance revenue generation, and fund critical infrastructure and social services. The reforms include increasing the VAT rate and introducing excise duties, with provisions for tax exemptions and reduced corporate income tax rates to stimulate economic growth. While the reforms have sparked controversy, consultations are ongoing to address concerns and ensure equitable outcomes for all regions.