The Presidency has refuted widespread claims suggesting that the proposed tax reform bills before the National Assembly recommend the dissolution of key federal agencies.

Recent debates surrounding the tax reform bills proposed by President Bola Ahmed Tinubu’s administration have generated significant misinformation, with some critics alleging that it aims to dissolve key government agencies. 

Additionally, there have been claims that the reforms disproportionately benefit states like Lagos and Rivers, potentially impoverishing northern states. 

Some northern governors have expressed concerns, particularly about changes in the Value Added Tax (VAT) sharing formula, viewing it as detrimental to their region’s economic stability. 

However, the presidency has clarified that the reforms aim to simplify tax administration, reduce the burden on businesses, and ensure equitable revenue distribution among states, with provisions for equalization transfers to maintain fairness.

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