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Gumi backs Tax Reforms

Influential Islamic scholar, Sheikh Ahmad Gumi on Monday weighed in on President Tinubu’s tax reform bills, describing them as beneficial for Nigerians despite opposition from Northern leaders.

Gumi’s support came at a time when some political leaders in the north are expressing opposition to the bills currently before the National Assembly.

Sources confirmed that Gumi’s support for the bills came after he had carefully studied the draft documents, an action that many of the politicians from the north opposed to the bill admitted they had not taken.

The cleric commended the bills’ overall potential for reforms but suggested that the Value Added Tax (VAT) component requires adjustment to address concerns that have been expressed across the country.

Gumi said, “I believe the contentious VAT issue is the only part that needs to be reviewed; otherwise, it is a good package for all.” 

President Tinubu argued that the four tax reform bills would simplify and streamline tax administration, reduce the burden on low-income earners, and eliminate double taxation and the multiplicity of taxes.

The President also stated that the reforms will foster a fairer and more inclusive tax system, reduce Nigeria’s reliance on oil revenue, and support local economic activities.