The Proposed Tax Reform Bills: A Snub to Nigerian Students

The recent submission of the tax reform bills to the National Assembly by President Bola Ahmed Tinubu has sparked widespread controversy. While the bills aim to streamline Nigeria's tax system and align it with global best practices, the lack of consultation with key stakeholders, particularly the National Association of Nigerian Students (NANS) and its affiliates Students Union Governments, has raised eyebrows.

As the umbrella body representing Nigerian students,NANS and SUG has consistently advocated for the welfare and interests of students. However, the government's failure to engage with SUG and its affiliates on the tax reform bills has been perceived as a snub.

The bills' provisions, particularly the proposed increase in Value-Added Tax (VAT) from 7.5% to 10% by 2025, have far-reaching implications for students. With the rising cost of living, tuition fees, and other expenses, students are already struggling to make ends meet. The proposed VAT increase will only exacerbate their financial burdens.

Furthermore, the bills' failure to address the specific concerns of students, such as the high cost of education, inadequate funding for universities, and the need for scholarships and grants, has been seen as a missed opportunity.

The National Association of Nigerian Students (NANS) and it's affiliates Students Union Government has consistently called for meaningful engagement with the government on issues affecting students. The lack of consultation on the tax reform bills has undermined the government's commitment to transparency and accountability.

In light of these concerns, NANS and its affiliates demand that the government revisits the tax reform bills and engages in meaningful consultation with students. The government must prioritize the welfare and interests of students, who are the future leaders of this great nation.

The proposed tax reform bills may have laudable objectives, but the lack of consultation with NANS and its affiliates has rendered them flawed and unacceptable. It is imperative that the government goes back to the drawing board and engages with students to create a more inclusive and equitable tax system.