Senator Yemi Adaramodu, the Chairman of the Senate Committee on Media and Publicity, has announced that the National Assembly intends to hold an open debate concerning President Bola Tinubu’s tax reform bills. The senator emphasized the importance of public input in the legislative process and critiqued the existing media backlash against the bills, suggesting that many critics had not reviewed the proposed legislation and were reacting based on a fear of taxes rather than facts. Adaramodu expressed confidence in the reforms, stating he sees no retrogressive elements within the bills, which are designed to introduce equitable tax measures, particularly by excluding low-income earners from taxation.
Amidst the criticism surrounding the proposed tax reforms, Adaramodu encouraged transparency and public engagement by inviting citizens to participate in an upcoming public hearing within the National Assembly. He believes that the hearing will provide a venue for individuals to voice their opinions, contributing to a more informed analysis of the proposed laws. Adaramodu contended that many of the criticisms stemmed from misconceptions about the impact of the reforms, particularly regarding the Value Added Tax (VAT), which is structured to align with consumption levels. According to the senator, areas with higher consumption should proportionally contribute more to VAT revenue.
The senator asserted that the tax reform bill aims to encourage productivity and economic growth. He underscored the importance of gathering diverse public input to create a comprehensive understanding of community sentiments about the reforms. This inclusive approach is anticipated to inform the final stance of the National Assembly on the tax bills, ensuring that the legislation reflects the interests and needs of the populace. Through this engagement, Adaramodu hopes to demystify the tax measures and foster a more constructive discourse around taxation and its implications.
During the discussion, the Alawe of Ilawe Ekiti, Oba Adebanji Alabi, expressed happiness over the successful celebration of the Ilawe Unity Day. The monarch highlighted recent developments in Ilawe, including the establishment of educational and healthcare institutions and improvements to road access. Oba Alabi acknowledged the collaborative efforts of the community and the state government, particularly praising Ekiti State Governor Biodun Oyebanji for his initiatives to enhance transportation infrastructure. The accessibility improvements have enabled better connection between Ilawe and neighboring towns, facilitating economic and social development in the area.
The celebrations also included the conferral of chieftaincy titles on notable figures, such as Senator Orji Kalu and Otunba Rasaq Adesanya, reflecting the importance of community recognition and contributions. Additionally, prominent local leaders and past contributors to the community’s welfare, like the chairman of Ekiti South West Local Government Area, Richard Apolola, received honors. This emphasis on recognizing both current and past contributions illustrates the community’s values of appreciation and heritage, promoting a sense of unity and collective progress.
In conclusion, the discourse surrounding the tax reform bills has underscored the necessity for public participation in governance. Senator Yemi Adaramodu’s stance on the discourse reflects a commitment to transparency and empowerment of citizens in shaping their legislative framework. Both the tax reform initiative and the recent developments in Ilawe highlight the evolving landscape of governance and community aspirations in Ekiti State. As the National Assembly prepares for the public hearing, the hope is that a balanced and comprehensive understanding will emerge, driving policies that support equitable growth and address citizens’ concerns efficiently.
