Tax Bill reform. This proposal, which has been circulating in policy circles for months, is part of a broader strategy by the federal government to increase revenue. The goal is to close the gap between federal spending and income, particularly with the pressure on oil revenue.
But for Northern leaders, this bill represents a potential economic burden on an already struggling region, which they argue lacks the infrastructure and private sector strength to bear such an increase in tax liability.
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During Monday’s meeting in Kaduna, governors and traditional rulers from across the North issued a joint statement condemning the bill. They claim that it would disproportionately impact the northern states, which are already grappling with high poverty rates, unemployment, and inadequate infrastructure.
But is there more to this stance? Is it solely about the bill, or are there other underlying concerns? What exactly does this Tax Bill entail and why are they firmly against it?
Join us on this episode to find out.
