The National Economic Council (NEC) has put forth a recommendation to withdraw the Tax reforms bill that is currently under consideration in the National Assembly. This decision comes in response to various controversies that have emerged regarding the proposed legislation.
The NEC is chaired by Vice-President Kashim Shettima and includes state governors as its members. This diverse group is tasked with addressing economic issues and providing guidance on fiscal policies.
During a recent meeting of the NEC, Governor Seyi Makinde of Oyo State addressed the media. He explained the reasoning behind the council’s decision to withdraw the controversial bills.
Governor Makinde emphasized that the withdrawal was intended to ensure that all relevant stakeholders are adequately consulted. This approach aims to foster a more inclusive dialogue surrounding the proposed reforms.
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The decision reflects the NEC’s commitment to transparency and collaboration in the legislative process. By stepping back from the bill, the council hopes to create space for more comprehensive discussions.
In light of the controversies, the NEC believes that it is crucial to engage with stakeholders to gather their input. This engagement is seen as essential for building consensus and understanding the broader implications of the tax reforms.
The move to withdraw the bill signals a recognition of the complexities involved in tax reform. It highlights the importance of considering various perspectives before moving forward with such significant legislative changes.
Overall, the NEC’s recommendation to withdraw the Tax reforms bill underscores the necessity of stakeholder involvement in policymaking. It is a step towards ensuring that the final proposals are well-informed and broadly supported.
