Tax Reform Bills: We aim for $1 trillion economy, says Senator Musa

The chairman of the Senate Committee on Finance, Sani Musa, has assured that the Senate would produce legislation from the tax reform bills to make Nigeria’s economy a trillion-dollar base.
He added that President Bola Tinubu had tasked the National Assembly with this goal and that the legislature was committed to creating a tax law acceptable across the country.
Mr Musa made the statement while speaking with journalists in Abuja on Tuesday.
He emphasised that following the recently concluded public hearing on the tax reform bills, the committee would consider all stakeholders’ input on their merits.
“We are going to give this country a piece of legislation that is workable,” the lawmaker said. “We will review everything and, after this, go on a three-day retreat for consultations with experts.”
“We are also consulting with the Attorney-General of the Federation to ensure the law is constitutional and practical.”
Mr Musa stressed that the focus was on creating a law acceptable to all Nigerians.
He noted that the president had envisioned a one trillion-dollar economy for Nigeria, reflecting the direction of the reform.
In related comments, Senator Abdul Ningi of Bauchi Central supported the bills, describing them as essential for Nigeria’s development and dispelling claims of regional opposition.
He noted, “This tax reform has embraced a Nigerian dimension, not a north-south dichotomy.”
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Politics
Terrorised northerners advised to help Nigerian military capture Bello Turji
“The military needs our help to restore peace and order in the North-West,” said the group.

Politics
Tinubu’s administration described as courageous, responsible
The lawmaker called on Nigerians to support the tax reform.

Economy
OPEC chief tasks Africa on unlocking 120 billion barrels of oil reserves
Mr Al-Ghais said this while delivering a keynote address at the ongoing Nigeria International Energy Summit (NIES) 2025 in Abuja.

Anti-Corruption
Ways and Means: Senate accuses CBN of frustrating N30 trillion probe
“What you are telling us is not the truth. We have not received the documents. I don’t want to deceive the public here,” stated the committee chair.

World
Over 200,000 sign petition to revoke Elon Musk’s Canadian citizenship, passport
“Canada is not a real country,” said Mr Musk in a now-deleted X post.

Politics
Tinubu passes vote of confidence in Ganduje-led APC leadership
Mr Tinubu commended APC chairman Abdullahi Ganduje for the successes recorded in various elections.