Eventually Sources Exposed How Tinubu, Governors Struck Deal On Tax Bills Despite Pushback From Some Northerners

Key Decision Made During New Year Visit
President Bola Ahmed Tinubu and the 36 state governors have reportedly reached an agreement on the controversial tax reform bills. The decision was finalized during a New Year visit by the governors to Tinubu’s residence in Lagos State....Read Full Article >>➤

Highlights of the Agreement

• Governors Back Tax Reform Bills
  • Lagos State Governor Babajide Sanwo-Olu revealed that the governors now understand the benefits of the proposed tax reforms.
  • Sanwo-Olu stated the bills would enhance revenue collection at federal, state, and local government levels.
• Tinubu Praises Governors’ Cooperation
  • Shortly after the Nigeria Governors Forum (NGF) issued a communiqué supporting the reforms, President Tinubu commended the governors, emphasizing their commitment to Nigeria’s progress.
• Negotiations and Concessions
  • A source close to the negotiations disclosed that the deal was finalized during the Lagos meeting.
  • Tinubu assured the governors of his good intentions and urged them to trust his leadership.
  • The governors reportedly requested certain concessions before fully endorsing the bills.

Concerns Raised by Northern Governors

• Some northern governors expressed reservations, fearing the reforms might disproportionately affect their region.
• A source revealed concerns that the tax bills could “pauperize the region.”
• These governors requested tangible assurances to address the anxieties of their constituents.

Next Steps

The governors have agreed to return to Abuja for further discussions with the Presidential Committee on Tax and Fiscal Policy Reform. These meetings aim to refine the bills and ensure they serve all regions equitably.

Implications of the Tax Reform Agreement

• Potential Benefits
  • Improved revenue generation across all tiers of government.
  • Enhanced fiscal coordination between the federal and state governments.
• Regional Concerns
  • Addressing fears of uneven economic impact, particularly in northern states, will be crucial.
  • The agreement reflects a step toward consensus but underscores the need for inclusivity in national reforms.

Conclusion

This agreement marks a significant milestone in the push for tax reform under President Tinubu’s administration. While challenges remain, the willingness of the governors to engage constructively with the federal government signals a collaborative approach to resolving fiscal issues.

Source: Naija News, Daily Trust