The President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, recently introduced an Executive Bill aimed at reforming Nigeria\u2019s tax system.<\/p>\n
The bill was subsequently presented to the National Assembly for strategic deliberations.<\/span><\/p>\n As part of efforts to deepen understanding and domesticate the proposed tax reforms, the Special Adviser to the President on Tax Policy, Mr. Taiwo Oyedele, convened a stakeholders\u2019 town hall meeting at the Conference Hall of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Headquarters in Abuja.<\/span><\/p>\n Themed <\/span>\u201cUnderstanding the Tax Reform Bills: The Benefits and How to Maximize Opportunities in the New Tax System,\u201d<\/span> the forum brought together key stakeholders, including the National President of the Motor Mechanics and Technicians Association of Nigeria (MOMTAN), Alhaji Morufu Adebayo Arowolo.<\/span><\/p>\n In his remarks, Alhaji Arowolo reaffirmed MOMTAN\u2019s support for the reform initiative, emphasizing its potential benefits for Micro, Small, and Medium Enterprises (MSMEs). <\/span><\/p>\n He expressed optimism that the tax reforms would ease the financial burden on citizens, promote equitable wealth distribution, enhance transparency, boost productivity, and ultimately contribute to infrastructural development across the country. <\/span><\/p>\n He also assured the conveners that MOMTAN members, as law-abiding citizens, would comply with the new tax policies as part of their civic responsibility.<\/span><\/p>\n The Director-General of SMEDAN, Mr. Charles Odii, also addressed the gathering, providing a comprehensive analysis of how MSMEs could benefit from the new tax regime.<\/span><\/p>\n The meeting was attended by representatives from various sectors, including market associations, the Manufacturers Association of Nigeria (MAN), the Nigeria Employers\u2019 Consultative Association (NECA), the hospitality industry, artists, and entertainers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" The President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, recently introduced an Executive Bill aimed at<\/p>\n","protected":false},"author":1,"featured_media":13193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/13192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/comments?post=13192"}],"version-history":[{"count":1,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/13192\/revisions"}],"predecessor-version":[{"id":13194,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/13192\/revisions\/13194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media\/13193"}],"wp:attachment":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media?parent=13192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/categories?post=13192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/tags?post=13192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}