The House of Representatives Committee on Finance has proposed a tax exemption on the personal income of military personnel in Nigeria. This proposal was made by the Committee Chairman, Abiodun Faleke, during a session where four tax bills transmitted by President Bola Tinubu in October 2024 were being considered.
Faleke emphasized the critical nature of military personnel’s assignments as the reason for this proposal. This exemption would likely be a welcome relief for military personnel, who often face challenging and high-risk situations.
It’s worth noting that the House of Representatives has various committees, including the Committee on Finance, which is chaired by Abiodun Faleke ¹. The committee’s responsibilities include overseeing financial matters and proposing legislation related to taxation.