The Chairman of the Senate Committee on Finance, Senator Sani Musa, disclosed the Red Chamber’s readiness to commence the exercise, adding that the House of Representatives will on Tuesday open its doors for stakeholders’ input on the controversial bills, which sparked intense debate during plenary two weeks ago before their eventual passage for second reading.
According to Musa, they intend to take on two of the bills each day and the Senate Committee on Finance will invite the general public, particularly some organisations, to a two-day public hearing on the tax reform bills- the Joint Revenue Board Establishment Fund Bill, the Nigerian Revenue Services Bill, the Nigerian Tax Administration Bill, and the Nigerian Tax Bills.
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Musa said his committee had invited many heads of agencies such as the Minister of Finance and Coordinating Minister of Economy and the Minister of Trade and Investment, as well as the Attorney-General of the Federation, the Minister of Petroleum, the Chairman of the Federal Inland Revenue Service, and the Statistician General of Nigeria, who heads the National Bureau of Statistics.
Similarly, the Speaker of the House of Representatives, Tajudeen Abbas, named a Special Committee led by the Chairman of the House Committee on Finance, Abiodun Faleke, to conduct a public hearing on the tax reform bills following their passage for a second reading last week.