NASS Hits Milestone As Joint Committee Finalizes Landmark Tax Reform Legislation

The Joint Conference Committee of the National Assembly, established to review and harmonize the Tax Reform Bills, has successfully concluded its assignment.

This was disclosed in a statement released on Saturday by Honourable James Faleke, Chairman of the House Committee on Finance.

Faleke revealed that committee members worked tirelessly from Thursday night through Friday and into the early hours of Saturday to finalize the task. He confirmed that the harmonized Tax Reform Bills are now prepared for presentation to both chambers of the National Assembly for final approval.

“The Conference Committee set up by both the House and the Senate on the Tax Reform Bills has successfully completed its work,” the statement read.

“Following rigorous deliberations that extended from Thursday night into early Saturday morning, I am pleased to announce that the bills are ready to be laid before the House and the Senate for passage.”

He expressed appreciation to the Chairman of the Senate Committee on Finance, Senator Sani Musa, and members of the Senate Conference Committee, as well as his fellow members on the House side, for their dedication and hard work.

“We are deeply grateful for your steadfast commitment and determination in completing this critical task for the benefit of the Nigerian people. May God continue to bless the Federal Republic of Nigeria,” he concluded.

Both the Senate and House of Representatives had earlier passed versions of the tax bills submitted by President Bola Tinubu. The harmonized versions will now be presented to the President for assent after legislative approval.