Abuja, February 22, 2025– The House of Representatives has scheduled a public hearing on four key Tax Reform Bills, aimed at improving Nigeria’s tax system and fostering economic growth. The hearing will take place from Wednesday, February 26, to Friday, February 28, 2025, at the National Assembly Complex in Abuja.
A statement released by House Spokesman, Rep. Akin Rotimi, Jr., confirmed that the hearing will be held at Conference Halls 028 and 231 in the House of Representatives New Building, beginning daily at 12:00 noon. The session will bring together stakeholders, including government agencies, business leaders, tax experts, private sector representatives, and civil society organizations. The objective is to encourage in-depth discussions and gather recommendations to shape a fair and efficient tax regime in Nigeria.
Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, PhD, GCON, has appointed a Special Committee to oversee the legislative process of the tax reforms. The Committee, chaired by Rep. James Faleke, consists of members from the House Committee on Finance, alongside co-opted lawmakers from all states of the Federation, the Federal Capital Territory (FCT), and the six geo-political zones. This structure is designed to ensure inclusive representation and thorough examination of the proposed reforms.
The House of Representatives has encouraged all relevant stakeholders to actively participate in the hearing, emphasizing that the reforms seek to align Nigeria’s tax policies with global best practices. The ultimate goal is to create a tax framework that supports economic stability and national development.
The public hearing is expected to provide a platform for constructive engagement, ensuring that the tax reforms reflect the interests of all sectors of the economy.
