https://www.youtube.com/watch?v=Og5wH1LY1j4?si=V44oMBjRaT2RMpth

Governor Babagana Umara Zulum of Borno State has expressed strong opposition to the controversial tax reform bills, warning that they could hinder development in northern Nigeria, News360 Nigeria reports.

The bills, introduced by President Bola Ahmed Tinubu in September, have faced widespread opposition from northern stakeholders, including governors, traditional rulers, and the Northern Elders Forum, who argue that the legislation is not in the nation’s best interest.

Speaking to BBC Hausa, Zulum lamented the swift passage of the bills, noting that many other crucial proposals languish in the National Assembly for years. His comments follow the Senate’s decision to pass the bills for a second reading on Thursday, despite heated protests and disruptions during plenary.

“We condemn these bills transmitted to the National Assembly. They will drag the north backward, and not only the north, South East, South West and some states in the South West such as Oyo, Osun, Ekiti, Ondo, will have problem with these bills.

“It is not opposition. This, based on our understanding, is something that will destroy the north in its entirety. Therefore, we call on President Bola Ahmed Tinubu and others to review this decision. He secured 60% of his votes in the north. He should not listen to those telling him that northerners are not supporting him. If our interest is served, that is all. What we need now is the withdrawal of the tax bills.

“Why all the rush! There’s a petroleum bill that was presented but it took almost 20 years before it was finally passed. But this one was transmitted and now receiving legislative attention within a week. What we are saying is that, let it be treated carefully and with caution so that even after our exit, our children would reap the benefits.

“How we see it is, if these bills scale through, we will not be able to even pay salaries. And if we paid, it won’t be sustainable the following year.”

Asked whether the bills would further exacerbate hunger and poverty in the north, Zulum answered in the affirmative, adding, “Including security. But they’re saying otherwise. We are against it, Lagos is against it; that it will drag it backwards. If this is the situation, then why won’t they rescind it? Our National Assembly members and even some from the Southern region are not in support of these bills.”

The governor, however, clarified that his objection of the bills was not a pointer of any opposition against the government, maintaining that it was only a call to reverse the decision.

“This is our stand and doesn’t mean that we are against the government. We supported and voted for him (President Tinubu). But these bills will not mean good for us.”

Asked to comment on whether the lawmakers would pass the bills when lobbied and given kickbacks, Zulum said, “There are rumours around but we are not certain. But you know we are in Nigeria! What I am saying is that let us all be patriotic. We have children, grandchildren and relatives who are in villages, therefore, we should be careful not to endorse anything that would impede the progress of the north and other regions. We are appealing to the President to listen to us and address our concerns.”

On tax exemptions, Bamidele pointed out that those whose salaries are not more than the minimum wage are exempted from Pay As You Earn, PAYE, deductions.

He also said small businesses with annual turnover of N50 million or less “are equally exempted from payment of taxes,” a key pro-business initiative that encourages job creation; deepens ease of doing business and incentivises more investments.

Similarly, the Senate Leader explained that there is a proposed huge reduction in company income tax from the current 30 per cent to 25 per cent that will last for at least two years.

codemaniacs:
All the governors, deputies and other politicians in the North and other states in the south it will affect should slash their salaries and allowances...

InfoGuru118:

https://news360ng.com/tax-reform-bills-a-major-setback-for-northern-nigeria-zulum/