Only Lagos and Rivers will benefit from Tinubu’s tax reform bills – Governor Zulum
Borno State Governor, Professor Babagana Zulum, has expressed strong reservations about the controversial tax reform bills proposed by the Tinubu administration, arguing that the policies primarily favor wealthier states like Lagos and Rivers.
Speaking on Channels Television on December 1, Governor Zulum voiced concerns about the bill’s potential to benefit Lagos State at the expense of other regions disproportionately. He warned that if the legislation passes through the National Assembly, many states could face significant financial disadvantages.
“On this tax issue, there are a lot of misconceptions. We felt that the VAT provision in the tax law. Based on the calculations that we did, only Lagos and Rivers States will benefit from this scheme. We did our own research and conclude that we would lose.
Why are we in a rush? We advised the Federal Government to take a pause, and expunge some of the clauses that are inimical to not only Northern Nigeria.
What we are saying is that give more time, let us do a deeper consultation to understand the nitty-gritty of this tax regime before passing it into law.” he said
“I am a strong member of APC. If you can count two governors before 2019 and 2023 that were in support of Tinubu, you can mention Governor Zulum. I was the first governor to come out publicly and say that power must go to the South. Unfortunately, the President was told by many that the North are against him. 60.2 per cent of his votes came from the North,” he added.
