President Bola Tinubu has instructed his Special Adviser on Policy Coordination, Hadiza Usman, to work with the Office of the Secretary to the Government of the Federation to coordinate the recommendations of the Presidential Fiscal Policy and Tax Reforms Committee for swift implementation across all Ministries, Departments, and Agencies.
This directive was issued during a meeting with the Chairman of the reforms committee, Mr. Taiwo Oyedele, who presented a 30-day report on “quick wins” at the Aso Rock Villa in Abuja.
Special Adviser to the President on Media and Publicity, Ajuri Ngelale, revealed that President Tinubu met with Mr. Zack Adedeji, the Acting Chairman of the Federal Inland Revenue Service, and Mr. Taiwo Oyedele, the Chairman of the tax policy review committee.
The President emphasized the need for effective synergy in implementing tax policy recommendations across government institutions.
President Tinubu has also prioritized the recommendations of the tax policy review committee at the next Federal Executive Council meeting scheduled for Monday, October 30, 2023. The aim is to expand the tax net, reach the 18% tax-to-GDP threshold, and enhance public service provision without burdening vulnerable segments of the population.
The Presidential Committee on Fiscal Policy and Tax Reforms, established on July 7, 2023, is responsible for tax law reform, fiscal policy coordination, harmonization of taxes, and revenue administration. Its mission is to improve tax morale, promote a healthy tax culture, and encourage voluntary compliance with tax regulations by utilizing tax and other revenues effectively.
