Nigerian state governors have voiced their opposition to proposed legislation that seeks to amend the country's tax laws, which could pose a significant challenge to President Bola Tinubu's efforts to boost revenue in the face of a growing fiscal deficit.
The National Economic Council, chaired by the vice-president and consisting of governors from all 36 states as well as central bank officials, has stressed the importance of further consultation on four tax bills currently being considered by lawmakers. This development underscores the ongoing tensions between state leadership and federal initiatives, as governors express concerns about the potential impact of the tax reforms on their states' economies.
The resistance from state executives may impede the administration's plans to address the widening spending gap and stabilize the nation's financial outlook.