The Senate on Wednesday adopted the harmonised version of the four tax reform bills compiled by the conference committee of both chambers of the National Assembly.
This was sequel to the consideration and adoption of the recommendations of the conference committee of the chambers set up to harmonise the bills.
The bills are the Joint Revenue Board (Establishment) Bill, 2025; Nigeria Revenue Service (Establishment) Bill, 2025; Nigeria Tax Administration Bill, 2025; and Nigeria Tax Bill, 2025.
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President Bola Ahmed Tinubu had transmitted the four bills to the National Assembly in November 2024, for consideration and passage.
The tax bills had generated controversies in the polity with many stakeholders, including governors, Northern Elders Forum (NEF), some civil society organisations (CSOs) and opposition parties kicking against their passage.
But following a wider consultation with critical stakeholders, the House of Representatives and the Senate made some amendments to the bills and passed them. But a committee was set up to reconcile the differences in the versions earlier passed separately by the House of Representatives and the Senate.
Chairman of the Senate Committee on Finance and leader of the Senate delegation in the conference committee, Senator Mohammed Sani Musa (APC, Niger East) presented the report during plenary.
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