The House of Representatives Committee on Finance has proposed a tax exemption on the personal income of military personnel in Nigeria, citing the critical nature of their duties.
The Chairman of the Committee, Abiodun Faleke, made the disclosure on Thursday during the clause-by-clause consideration of four tax bills transmitted to the National Assembly by President Bola Tinubu in October 2024.
While addressing lawmakers at the session, Faleke emphasised the need to support the military through financial relief measures.
“Mr Speaker, honourable colleagues, the committee proposed that personal income of military personnel should be exempted from tax. This is because of the critical nature of their assignment,” he stated.
The proposal was met with unanimous support from members of the committee, reflecting a shared understanding of the sacrifices made by the armed forces in ensuring national security.
The four tax bills under review are part of President Tinubu’s broader fiscal policy reforms aimed at strengthening Nigeria’s tax system. The inclusion of the tax exemption for military personnel is expected to be debated further before being passed into law.
Details later…