Only Lagos, Rivers Will Benefit From Tinubus Tax Reform Bills Zulum
Borno State Governor, Professor Babagana Zulum, on Sunday explained why the northern governors advised President Bola Tinubu to withdraw the controversial tax reform bills.
The governor who appeared as a guest on Channels TelevisionsSunday Politics, said the Northern Governors Forum only needs time for consultation.
On this tax issue, there are a lot of misconceptions. We felt that the VAT provision in the tax law. Based on the calculations that we did, only Lagos and Rivers States will benefit from this scheme. We did our own research and conclude that we would lose, Zulum said.
Why are we in a rush? We advised the Federal Government to take a pause, and expunge some of the clauses that are inimical to not only Northern Nigeria.
What we are saying is that give more time, let us do a deeper consultation to understand the nitty-gritty of this tax regime before passing it into law.
