Senate Passes Tax Reform Bills For Second Reading
The Nigerian Senate has passed for second reading the Tax Reform Bills, a set of four legislative proposals, which among other things, seek to increase the Value-Added Tax (VAT) distributable to states to 55 percent while reducing the Federal Government’s share to 10 percent. The new legislative regimes also proposed zero VAT on exports and […]
Senate passes Fresh Student Loan Bill for Second Reading
The Senate has passed for second reading the Students Loans Access to Higher Education Act (Repeal and Enactment) Bill, 2024. This followed a correspondence by President Bola Tinubu, who wrote to the Senate seeking the repeal of the existing law, and has submitted a fresh bill to be passed into law. This request comes a […]
Senate Sets Up Constitution Review Committee
The Nigerian Senate has announced members of the constitution amendment committee to be chaired by the Deputy Senate President, Jibril Barau, with the Senate leader, Bamidele Opeyemi as the Vice Chairman. Announcing the committee at plenary, the Senate President noted that the 1999 constitution needs a major review, while he asked his deputy to invite […]
