Senator Ali Ndume, representing Borno South, has expressed strong opposition to President Bola Tinubu’s proposed tax reform bills, warning that he might leave the All Progressives Congress if the policies are implemented.
During an appearance on Politics Today, a Channels Television programme, on Thursday night, Ndume criticised the four tax bills, which had previously passed the second reading in the Senate.
In October, President Tinubu submitted four tax-related proposals to the National Assembly for consideration: the Joint Revenue Board of Nigeria Bill, the Nigeria Revenue Service Bill, the Nigeria Tax Administration Bill, and the Nigeria Tax Bill. However, these bills have sparked backlash from lawmakers, including Ndume, and some northern governors who argue that the reforms could exacerbate the plight of citizens.
Ndume raised concerns that the bills would transfer the tax burden to ordinary Nigerians rather than easing their economic struggles.
“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?”
The senator argued that the reforms could undermine the president’s agenda and hurt citizens already grappling with economic challenges.
In response to the criticisms, the Senate has announced plans to hold a public hearing on the bills in the coming weeks to gather input from stakeholders before making a final decision.