The Senate yesterday passed the remaining tax reform bills after it completed the clause-by-clause consideration of the Nigeria Tax Administration Bill and the Nigeria Tax Bill at the Committee of the Whole.
The development came barely 24 hours after the upper chamber passed two of the tax reform legislations, namely the Nigeria Revenue Service (Establishment) Bill, 2025 and the Nigeria Tax Administration Bill 2025.
Besides, the Red Chamber expunged contentious areas in the two legislations and set up a conference committee to reconcile the differences in the Senate version and the one already passed by the House of Representatives.
Senate President, Godswill Akpabio, commended the lawmakers for their sacrifice in ensuring that the tax system in Nigeria meets international standards.
Addressing journalists after the plenary, the Chairman of the Senate Committee on Finance, Sani Musa, explained that his panel did its best to ensure the taxation system in Nigeria meets international standards.
He said: “What we did was to look at the tax bills and do the needful. President Tinubu brought the tax reform bills to see how his government could bring economic development.”
