The Presidency has dispelled concerns about the speed of coming up with the Tax Reform Bills, emphasising the extensive efforts that have gone into the process.
Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, highlighted on Monday via X that the reforms are the result of contributions from over 80 professionals over a 14-month period, warning that any delay in their passage could mirror the protracted 20-year legislative journey of the Petroleum Industry Bill.
According to Ajayi, postponing the tax reforms would be a costly mistake the nation cannot afford.
“It is very disingenuous to say that the Tax Reform Bills, the product of 14 months of extensive work by over 80 professionals drawn from every part of the country, are being rushed through the National Assembly,” Ajayi said.
“The suggestion that it took the PIB over 20 years to get through the parliament is backward thinking. Nigeria lost too much for the failure to pass the PIB on time in terms of revenue, investments, and jobs in the oil & gas sector.”
He revealed these alongside a 14-month timeline of how the tax reform bills came to be.
Here is an image of itemised details of groups, dates, and time involved in the build-up to the bill:
