The Nigeria Labour Congress (NLC) has called on the federal government to withdraw the Tax Reform Bills recently submitted by President Bola Tinubu to the National Assembly. The union emphasized the importance of involving key national stakeholders in drafting a comprehensive and inclusive tax policy.

In its New Year message on Tuesday, NLC President Joe Ajaero described the proposed tax reforms as controversial, particularly in northern regions, where they have faced criticism for allegedly hindering economic growth. He stressed that a transparent and collaborative process is essential for creating a tax framework that is both effective and widely accepted.

The statement, titled “In 2025, Hope Is in Our Collective Resolve,” highlighted the urgent need for policies that address critical areas such as food security, healthcare, housing, education, transportation, and security. The NLC also called for improved worker welfare, noting that these measures are crucial for good governance.

Ajaero reaffirmed the union’s commitment to negotiating higher wages to help workers cope with economic challenges. He urged compliance with the 2024 National Minimum Wage Act and pledged to engage the government on fair wage adjustments.

The NLC also expressed concern over the growing use of force against unions, warning that such actions could jeopardize industrial harmony.

“As we enter 2025, the NLC extends heartfelt New Year greetings to all workers and citizens across the nation. Despite the challenges we face, we must find the collective strength to move Nigeria out of underdevelopment. Our progress depends on our united effort and determination,” the statement read.

Looking ahead, the NLC announced plans to hold a national dialogue in Ibadan this January to develop a new tax framework that supports economic growth and national development.

The union reiterated its call for the government to withdraw the current tax bills, emphasizing the need for a collaborative process to create a tax system that garners public trust and drives progress.

“As we prepare for this national dialogue, we hope to co-create a tax policy that aligns with the goals of national development. We also urge the government to uphold industrial peace by prioritizing social dialogue, respecting agreements with trade unions, and implementing pro-people policies,” the statement added.

The NLC underscored its dedication to advocating for workers’ rights and ensuring governance reflects the needs of citizens. It called on all Nigerians to unite and work together toward sustainable development and prosperity in 2025.

President Bola Ahmed Tinubu has pledged that his administration will bring down inflation to 15% from the 34.6% recorded in November 2024 and significantly reduce food prices across the country.

In his New Year’s address to Nigerians, the President outlined his administration’s commitment to achieving these goals through massive food production and the promotion of local manufacturing of essential goods, including medical supplies.

“Our government is determined to lower these costs by increasing food production and supporting local manufacturing of essential drugs and medical supplies,” Tinubu said. “With focused efforts and God’s help, we aim to reduce inflation to 15% and provide much-needed relief to our people.”

The President emphasized the importance of boosting access to credit for individuals and critical economic sectors as part of a broader strategy to enhance national productivity.

“In 2025, we will intensify efforts to expand access to credit and support critical sectors of the economy. This will not only stimulate economic growth but also help us achieve our vision of a one trillion-dollar economy,” Tinubu explained.

Tinubu also called for unity and cooperation from all Nigerians to achieve the administration’s ambitious economic targets.

“I urge you to remain focused and united as we work together toward this shared goal. Your collaboration is vital for our success,” he added.

Despite the hardships endured in 2024, many Nigerians are cautiously optimistic about the possibility of economic recovery and growth in the coming year, buoyed by the President’s promises and the administration’s plans for transformation.