Rewriting Nigeria’s Economy: Tinubu’s Tax Reform Bills To Shake Up System Today

The leadership of the 10th Senate has postponed the passage of President Bola Tinubu’s tax reform bills to Wednesday (today) to allow for thorough review and debate.....KINDLY READ THE FULL STORY HERE▶

The four bills — the Nigerian Tax Bill, Tax Administration Bill, Revenue Tax Board Bill, and Nigerian Revenue Service Establishment Bill — were submitted by President Tinubu six months ago as part of a broader initiative to revamp Nigeria’s fiscal framework and improve revenue collection.

The delay in their passage has stirred public concern, especially after the House of Representatives passed the bills two weeks ago, intensifying pressure on the Senate to act.

In a related move, the Senate has agreed to convene a two-day national security summit aimed at developing strategies to address the escalating violence and insecurity across the country.

This resolution came following a motion presented by Senator Jimoh Ibrahim (Ondo South) during Tuesday’s plenary session.

While President Tinubu was on a working visit to France, violent attacks by bandits in Plateau, Benue, and Zamfara States claimed several innocent lives — triggering demands for the president to return and lead the country’s security response personally.

Senator Ibrahim, in leading the debate, emphasized that the current global insecurity — fueled by the Russia-Ukraine conflict and geopolitical tensions between the Global North and South — has worsened food scarcity and hindered progress on sustainable development goals.