The Senate has commenced a two-day public hearing on proposed tax reform bills, bringing together key figures from the nation’s economic and financial sectors.
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 transparent and driven by national interest.
He explained that the hearing aims to review and update the country’s tax laws to reflect current economic realities. The proposed reforms are designed to promote equity, fairness, and inclusivity while addressing inefficiencies in existing tax policies.
Senator Musa called on stakeholders and the public to actively participate in the discussions, highlighting the importance of collective input in creating a tax system that drives economic growth and enhances national development.