By Okafor Joseph Afam
December 4, 2024

The Nigerian Senate has temporarily suspended legislative action on the contentious tax reform bills, citing the need for extensive dialogue with the federal government and other stakeholders. This move comes amidst mounting pressure to address the concerns raised by various interest groups about the proposed reforms.

During Wednesday’s plenary session, Deputy Senate President Barau Jibrin, who presided over proceedings, announced the formation of an ad-hoc committee to lead consultations with the executive branch. The committee, chaired by Minority Leader Abba Morro, is tasked with resolving disputes surrounding the bills before further legislative consideration.

“It has been agreed by the executive and also by us that there should be a forum where we will sit with the Attorney General of the Federation, so that we can look at all the areas of disagreement and resolve them in the interest of this nation,” Jibrin stated. He confirmed that the committee will meet with stakeholders on Thursday to address these concerns.

In line with this development, the Senate Committee on Finance has been directed to halt all actions, including public hearings on the bills, until the issues are resolved.

Committee Members

The ad-hoc committee comprises notable senators across geopolitical zones and key committees, reflecting the Senate’s commitment to an inclusive resolution process. Members include:

Mohamed Tahiri Mongono (North-East)

Adamu Aleiro (North-West)

Oji Uzor Kalu (South-East)

Deriake Dickson (South-South)

Titus Zam (North-Central)

Abdullahi Yahaya (Chairman, Committee on National Planning)

Adeola Solomon (Chairman, Committee on Appropriations)

Sani Musa (Chairman, Committee on Finance)

Tokunbo Abiru (Chairman, Committee on Banking)

This initiative underscores the Senate’s intent to ensure that the tax reforms are inclusive, equitable, and reflective of national interest. The outcome of Thursday’s forum is expected to shape the direction of the legislative process for the bills.

Stakeholders across the public and private sectors are watching closely, as the reforms hold significant implications for Nigeria’s fiscal policy and economic outlook.