Zulum advocates wider consultation on proposed tax reform bill

Date:

By Muhammad Maitela, Damaturu

The Borno State Governor, Professor Babagana Umara Zulum, has called for broader consultation on the proposed tax reform bill currently under consideration by the National Assembly.
A statement signed by Dauda Iliya, Special Adviser to Governor Zulum, said the importance of stakeholder engagement to address concerns and misconceptions surrounding the bill is necessary.
“Consultation is a cardinal principle in any democratic society,” Governor Zulum stated.
“We need to take the time to understand the nuances of the bill and ensure all contentious areas are addressed before implementation.”
The Governor expressed particular concern over the provision that allocates 60% of Value Added Tax (VAT) revenue based on derivation.
He warned that such a policy would disproportionately benefit states like Lagos and Rivers, potentially leaving other states at a disadvantaged.
“The VAT provision, as currently proposed, suggests that only a few states will benefit significantly,” Governor Zulum explained. “This is why we should not rush the process. The goal is to ensure fairness and inclusivity in our tax reforms.”
Governor Zulum also advised that contentious aspects of the bill that could hinder national growth and development should be amended, emphasizing the need for a balanced approach.
“Am not Against President Tinubu’s Administration”.
Governor Zulum dismissed insinuations suggesting he is opposed to President Bola Ahmed Tinubu’s administration.

READ MORE  Maiduguri flood’s relief account hits N7.5b- Gov. Zulum

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