Senate bows to pressure, suspends Action On Tax Reform Bills

Senate leadership has directed its Committee on Finance to suspend further action on the proposed tax bill pending the outcome of a high-level meeting with the Attorney General of the Federation (AGF).

The Deputy Senate President, Sen. Barau Jibrin who made the announcement onon Wednesday during plenary, disclosed that a special committee has been constituted to address contentious issues in the bill, with the meeting scheduled for tomorrow, Thursday, Dec 5th.

The decision follows a series of deliberations by lawmakers aimed at resolving disagreements over key provisions in the proposed legislation.

The contentious areas have sparked debates among stakeholders in the last couple of days.

In addition, the Senate leadership announced plans to convene a special meeting to be held at the National Assembly and chaired by the Minority Leader to address all areas of disagreement.