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Sheikh Gumi Endorses Tinubu’s Tax Reforms Amid Northern Opposition

info@dailymailngr.com by info@dailymailngr.com
December 3, 2024
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Prominent Islamic scholar Sheikh Ahmad Gumi has thrown his weight behind President Bola Tinubu’s proposed tax reform bills, despite growing criticism from northern leaders.

Gumi described the reforms as beneficial to Nigerians and urged the nation to focus on their long-term advantages.

The tax reform bills, which have sparked heated debates, aim to simplify tax administration, reduce the burden on low-income earners, and eliminate double taxation.

However, northern governors, lawmakers, and traditional leaders have voiced strong opposition, arguing that the reforms could exacerbate poverty in the region.

President Tinubu defended the legislation, emphasizing its potential to create a fairer tax system and diversify Nigeria’s economy away from oil dependency.

He noted that the reforms would support local economic activities and ensure a more inclusive fiscal structure.

Sheikh Gumi’s endorsement has added a significant dimension to the debate.

According to reports, Gumi carefully studied the draft bills before offering his support—an approach that some northern politicians opposing the reforms admitted they had not undertaken.

While praising the overall package, the cleric highlighted the need for adjustments to the Value Added Tax (VAT) component, which has raised concerns nationwide.

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

The scholar’s comments have reignited discussions about the merits of the reforms and their potential impact on Nigeria’s economic landscape.

As debates continue, Tinubu’s administration remains steadfast in its push for tax reforms aimed at fostering sustainable growth and reducing the nation’s reliance on oil revenue.

Tags: GumiTax reform
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