Tinubu Names Oyedele Fiscal Policy and Tax Reforms Chair
President Bola Tinubu, Friday, appointed Taiwo Oyedele, as the chairman of Presidential Committee on Fiscal Policy and Tax Reforms.
The president who in consonance with his promise to remove all barriers impeding business growth in Nigeria instituted the committee on Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC).
In a statement signed by the Special Adviser to the President
(Special Duties, Communications and Strategy), Dele Alake, said the committee will comprise experts from both the private and public sectors and have responsibility for the various aspects of tax law reform, fiscal policy design and coordination, harmonisation of taxes, and revenue administration.
“The establishment of this committee reflects President Tinubu’s commitment to addressing these challenges and bringing about transformative reforms in fiscal policy and taxation.
Read Also:
“The committee’s primary objective is to enhance revenue collection efficiency, ensure transparent reporting, and promote the effective utilization of tax and other revenues to boost citizens’ tax morale, foster a healthy tax culture, and drive voluntary compliance,” the statement said.
The statement further stressed that the efforts will not only improve Nigeria’s revenue profile but also create a more conducive and internationally-competitive business environment.
”Our aim is to transform the tax system to support sustainable development and achieve a minimum of 18% Tax to GDP ratio within the next 3 years without stifling investment or economic growth.
”It should be noted that this committee will not only advise the government on necessary reforms, but will also drive the implementation of such recommendations in support of the comprehensive fiscal policy and tax reform agenda of the current administration,” the statement said.
