Thursday, December 26, 2024

Borno Governor says that only Lagos State will benefit from the Tax Reform Bills

The Borno State governor, Babagana Zulum has explained his stance on the controversial Tax Reform.

He stated that it is only Lagos State that will be the major beneficiary of the controversial Tax Reform Bills once they are passed into law.

He made this clarification while speaking on Channels Television’s Sunday Politics.

He said, “I am a strong member of the APC. If you are to count two governors who have been in support of Tinubu from 2019 to 2023, you can mention Prof Zulum. I was the first governor to come out publicly to say that power must go to the South.

“Unfortunately, the President was told by many that the North is against him. About 60.2 per cent of his votes came from the North. There are a lot of misconceptions about this tax issue. During the NEC, we advised the Federal Government to pause for a moment to have a deeper consultation with stakeholders. That was our own statement.

“But later on, people have turned it upside down. I want you to believe that our consultation is central to democracy, and in a democratic setting, we are begging for the right to be consulted. This is only what has happened.”

He expressed concern over the rush for the passage of bills that is bothering the governors especially the ones in the northern region. He urged his colleagues to reject bills that can be implemented to damage the economy.

He said, “I am not an economist. But based on the calculations we did, only Lagos will benefit from this scheme. However, we have had a series of consultations with the FIRS team and had a meeting with the tax team of Lagos State. Lagos told me that they would lose a lot if this were implemented. They said, ‘We did our research and concluded we will lose.”

“Then why are we in a rush? Not only Northern Nigeria but also the Southeast, South-South, and even the Southwest will be severely affected. Only Lagos will benefit from this scheme. But what we are telling them is to give us time. Why are we in a rush? Let us pause and have a deeper consultation because we are in a democracy.

“We should look at the nitty-gritty of these bills before passing into law. This is our only bone of contention. Then, people started saying that Prof Zulum and the governors were against the president. This is a democratic setting. People want us to run a garrison democracy. Most of this money will go to Lagos. We need more time.”

Blessing Ajoku
Blessing Ajokuhttp://naijatraffic.ng
Blessing Ajoku is a dedicated journalist with NaijaTraffic News, specializing in breaking news coverage on politics, business, and local developments. With a sharp eye for detail and a passion for delivering accurate, timely reports, Blessing provides in-depth analysis and keeps readers informed on key events shaping Nigeria and beyond.

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