365NEWS gathered that Senator Ali Ndume, representing Borno South, has voiced strong opposition to President Bola Tinubu’s proposed tax reform bills, warning that he may leave the All Progressives Congress (APC) if the policies are implemented.
Speaking during an interview on Politics Today, a Channels Television programme, on Thursday night, Ndume criticized the four tax bills, which had earlier passed the second reading in the Senate.
President Tinubu had in October submitted the Joint Revenue Board of Nigeria Bill, the Nigeria Revenue Service Bill, the Nigeria Tax Administration Bill, and the Nigeria Tax Bill to the National Assembly for consideration. However, the proposals have faced criticism from lawmakers, including Ndume, and some northern governors who believe the reforms could negatively impact citizens.
Ndume expressed concern that the bills, rather than alleviating economic hardship, would shift the tax burden to ordinary Nigerians.
“I am close to President Tinubu and want him to succeed,” Ndume said. “But if not, I can leave the party.
“When you say those earning below ₦800,000 annually won’t pay VAT, how does that help them? Are they exempted from paying VAT on the goods they buy in the market? And now, corporate tax is increased, meaning businesses will pass the added cost onto consumers.
“For instance, the price of cement is already up, so consumers will pay more. If Dangote is taxed on refined products, that cost will also be transferred to the price per litre.
“So, are you truly helping those who earn below ₦800,000, or are you worsening their situation?”
Ndume emphasized his belief that the reforms could undermine the president’s agenda and harm citizens who are already grappling with economic challenges.
The Senate has announced plans for a public hearing on the bills in the coming weeks to gather input from stakeholders before making a final decision.
