The Senate has commenced a two-day public hearing to evaluate proposed tax reform bills, gathering prominent figures from the economic and financial sectors.
Key attendees include the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji; the Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari; members of the Federal Executive Council; heads of relevant agencies; and the Comptroller General of Customs, Adewale Adeniyi, among others.
Senator Sani Musa, Chairman of the Senate Committee on Finance, assured that the process would be open and conducted in the nation’s best interest.
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He stressed that the primary objective is to review and modernize tax laws to reflect current economic realities.
He highlighted that the proposed reforms are designed to enhance fairness, equity, and inclusivity while addressing inefficiencies in the existing tax framework.
Senator Musa encouraged stakeholders and the public to engage actively in the discussions, emphasising that collective input is crucial in shaping a tax system that supports economic development and national progress.
