Amid Widespread Fear, Experts Explain How Tinubu’s Tax Reforms Will Reinvigorate Northern Economy [Video]

• Tinubu’s tax reforms aim to expand revenue, improve infrastructure, and drive growth in Northern Nigeria
• The reforms promote fair revenue distribution and synergy among federal, state, and local governments
• Tax exemptions for small businesses will spur entrepreneurship and unlock the north’s potential

Experts from Northern Nigeria have expressed strong support for President Bola Tinubu’s Tax Reform Bills, emphasizing their potential to revitalize the region’s economy.

At a town hall meeting in Abuja, organized by 200 civil society organizations, participants dismissed claims that the reforms were anti-north, highlighting their developmental focus.

Expanding revenue streams for the North

Dr. Mustapha Abubakar, a chartered accountant, explained that the reforms aim to broaden Nigeria’s tax base and foster sustainable revenue generation.

“The bills are expected to increase government revenue, reduce poverty, and drive economic growth in the north.

“For instance, reducing the federal government’s VAT share from 15% to 10% …