President Bola Ahmed Tinubu has officially launched the Presidential Committee on Fiscal Policy and Tax Reforms during a ceremony held at the State House in Abuja on Tuesday.
The inauguration marks a significant step in Nigeria’s pursuit of effective fiscal policy and tax reform measures.
The creation of the committee was announced by the Special Adviser to the President on Special Duties, Communications, and Strategy, Dele Alake, in a statement released on Monday, July 7.
According to the statement, the committee, led by Taiwo Oyedele, the Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers, consists of experts drawn from both the private and public sectors.
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The primary objective of the newly inaugurated committee is to facilitate the formulation of prudent tax law reforms, design coherent fiscal policies, coordinate tax harmonization efforts, and enhance revenue administration practices.
These initiatives are seen as crucial for the overall functioning of the government and the nation’s economy.
Adelabu Adedeji, Special Adviser to the President on Revenue, highlighted the importance President Tinubu places on establishing a robust fiscal policy framework and an efficient taxation system.
Adedeji emphasized that the committee’s role extends beyond providing advisory recommendations; it is tasked with implementing these suggestions to support the current administration’s comprehensive fiscal policy and tax reform agenda.