July 21, 2024
President Tinubu Inaugurates Committee Of Fiscal Policy, Tax Reforms
News Today In the News

President Tinubu Inaugurates Committee Of Fiscal Policy, Tax Reforms

President Bola Tinubu today inaugurated the Presidential fiscal policy and tax reforms committee, headed by Taiwo Oyedele, with a mandate to achieve 18% tax-to-GDP ratio in the next 12 months.

The President had four weeks ago set up the committee chaired by former Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC), Taiwo Oyedele.

While inaugurating the committee, Tinubu, who lamented that Nigeria’s tax to the Gross Domestic Product ( GDP) ratio is the lowest and below Africa’s average, assured that his administration will “ tax the fruits and not the seed”. He listed the broad assignments of the Committee to include; harmonisation of taxes, improving revenue profile, transforming the tax system and achieving a minimum of 18% of the tax to GDP ratio.

READ ALSO: Georgia PM Calls Russia ‘Aggressor’ On Anniversary Of War

The committee has experts from both the private and public sectors as members.

Special Adviser to the President on Revenue, Adelabu Adedeji, had explained that the President recognised the importance of a sound fiscal policy environment and an effective taxation system for the functioning of the government and the economy.

    • 12 months ago

    […] READ ALSO: President Tinubu Inaugurates Committee Of Fiscal Policy, Tax Reforms […]

Leave feedback about this

  • Quality
  • Price
  • Service

PROS

+
Add Field

CONS

+
Add Field
Choose Image
Choose Video