The Nigeria Customs Service (NCS) has raised concerns over aspects of the proposed Tax Reform Bills currently under review by the National Assembly, stating that they conflict with the Customs Act 2023.
Speaking at a public hearing organized by the Senate, Comptroller-General of Customs, Adewale Adeniyi, highlighted conflicts between the Tax Bill 2024 and the existing Customs Act. He pointed out specific clauses 78, 79, 141(1), and 143 that contradict provisions of the Customs law and urged lawmakers to resolve these issues before passing the bill.
Adeniyi emphasized that the Customs Act had only been in effect for two years, leading to a 97% increase in revenue. He argued that repealing or altering key provisions so soon could disrupt ongoing progress.
Meanwhile, the Senate Committee on Finance assured the public that the final legislation would support President Bola Tinubu’s goal of achieving a $1 trillion economy. Committee Chairman Senator Sani Musa stressed the need for a tax system that benefits all Nigerians and aligns with international best practices. He added that inputs from stakeholders, including state governors, would be considered in the final draft.
Federal Inland Revenue Service (FIRS) Chairman, Zacch Adedeji, welcomed the strong support for the reforms, crediting President Tinubu for initiating the bills. He expressed confidence that once passed, the new tax laws would significantly improve Nigeria’s economic landscape.
Senator Abdul Ningi dismissed claims that the northern region opposed the bill, clarifying that initial objections came from governors who felt the original draft favored a few states. He praised governors like Babagana Zulum and Bala Mohammed for ensuring fair negotiations that led to a more balanced approach.
With further consultations planned, lawmakers have promised a tax reform law that is workable, sustainable and widely accepted across the country.