South-East Senate Caucus Opposes Tinubu’s Tax Bills, Advocates Wider Consultations

Introduction
The South-East Senate Caucus has withheld its support for President Bola Tinubu’s controversial tax reform bills, urging for broader consultations with stakeholders before their passage. The caucus emphasized the importance of inclusivity and fairness in framing policies that impact Nigerians.

Caucus Position on Tax Reform Bills
Following a closed-door meeting on Monday in Senator Enyinnaya Abaribe’s office (APGA, Abia South), the caucus declared its stance. While not outrightly opposing the reforms, the senators stressed that further engagement with key stakeholders is crucial.

Senator Abaribe, speaking for the caucus, noted:

“As senators from the South-East, we are not against the Tax Reform Bills. However, we insist on wider consultations with our constituents across the 15 senatorial districts, state governments, and other critical stakeholders in our zone.”

Call for Stakeholder Engagement
The caucus emphasized that consultations with constituents, state governments, and other stakeholders across the South-East’s 15 senatorial districts are essential. These discussions would ensure that the final bill reflects regional equity and addresses specific concerns.

Abaribe added:

“We need to share insights with stakeholders to guarantee inclusiveness and effective legislation.”

Concerns Over the Bill’s Provisions
One of the most contentious elements of the proposed tax reforms is the Value Added Tax (VAT) sharing formula. Northern governors have rejected the current proposal, arguing it would disadvantage their region. Similarly, the South-East Caucus believes the bill requires careful review to address regional disparities.

Conclusion
The South-East Senate Caucus insists that meaningful consultations are a prerequisite for the tax reform bills’ passage. Their position underscores the importance of inclusive governance and equitable policy frameworks in Nigeria’s legislative process.