House to Hold Public Hearing on Tax Reform Bills

The House of Representatives is set to hold a Public Hearing on four key Tax Reform Bills currently at the Committee Stage, as part of its commitment to fostering a more efficient and equitable tax system in Nigeria.

The hearing which seeks to ensure broad-based stakeholder engagement, will hold from Wednesday, 26th to Friday, 28th February 2025.

The hearing will convene government agencies, business leaders, tax experts, private sector representatives, civil society organisations, and the general public to provide insights and recommendations on the proposed tax reforms.

Recognising the critical importance of these bills to Nigeria’s fiscal framework, the Speaker of the House of Representatives, Abbas Tajudeen, constituted a Special Committee, chaired by Representative James Faleke, to oversee the legislative process following the bills’ Second Reading on Wednesday, February 12, 2025.

The Committee comprises members of the House Committee on Finance, along with co-opted lawmakers representing all states of the Federation, the Federal Capital Territory (FCT), and the six geo-political zones, ensuring broad-based and inclusive representation.

The House encourages all stakeholders to participate actively in shaping a tax system that aligns with global best practices and supports economic sustainability.