Senator Ali Ndume threatens to leave the APC over President Tinubu’s proposed tax reform bills, criticizing their potential impact on consumers and low-income earners. The controversial bills, which include increased corporate taxes, have faced resistance from northern governors and are set for a public hearing in the Senate.
Senator Ali Ndume of Borno South has raised strong objections to President Bola Tinubu's proposed tax reform bills, cautioning that he might consider leaving the All Progressives Congress (APC) if the reforms are implemented as planned. The senator made his stance clear during an interview on Channels Television’s Politics Today, following the Senate's progression of the bills to their second reading.
The bills in question include the Nigeria Revenue Service Bill, the Nigeria Tax Administration Bill, the Joint Revenue Board of Nigeria Bill, and the Nigeria Tax Bill. While proponents argue these reforms aim to modernize and improve revenue generation, Ndume and other northern leaders have expressed concerns over their potential impact on ordinary Nigerians.
Ndume criticized the provision exempting individuals earning below ₦800,000 annually from value-added tax (VAT), describing it as ineffective. He argued that higher corporate taxes would ultimately increase consumer prices, as businesses pass on the additional costs. “Raising taxes on businesses means higher prices for goods and services, affecting even those exempt from direct taxation,” he explained.
Highlighting the rising costs of essential items like cement, Ndume emphasized the economic strain such policies could impose on citizens. While reaffirming his loyalty to President Tinubu, the senator stressed the importance of policies that protect vulnerable populations.
The Senate plans to hold a public hearing to address public concerns and gather feedback on the tax reform bills.
