President Bola Ahmed Tinubu on Tuesday ordered the speedy implementation of all recommendations of the Presidential Fiscal Policy and Tax Reforms Committee.
Ajuri Ngelale, a presidential spokesperson, disclosed this to State House Correspondents shortly after the Committee, led by its Chairman, Taiwo Oyedele and Acting Chairman of the Federal Inland Revenue Service, Mr. Zack Adedeji, met with President Tinubu.
Accordingly, President Tinubu directed his Special Adviser on Policy Coordination, Hadiza Usman, to liaise with the Office of the Secretary to the Government of the Federation to synergise all recommendations of the Committee for speedy implementation across all Ministries, Departments and Agencies.
Tinubu also directed that recommendations of the tax policy review committee be given high priority at the next sitting of the Federal Executive Council on Monday, October 30, 2023.
The directive comes after the President listened to a 30-day report on what he called “quick wins” presented by the Committee chairman, Oyedele.
“President Bola Tinubu received in audience the Acting Chairman of the Federal Inland Revenue Service, Mr. Zack Adedeji, as well as the Chairman of the tax policy review committee, Mr. Taiwo Oyedele, where the Committee presented to Mr. President a report on quick wins achieved by the tax policy review committee, in conjunction with directives given by Mr. President on the day that Committee was inaugurated.
“After listening to a presentation by the committee chairman, the President directed the Special Adviser to the President on Policy Coordination, Hadiza Usman, to liaise with the Secretary to the Government of the Federation and the Chairman of the Tax Policy Review Committee to ensure that the recommendations of the Committee are swiftly and immediately implemented across all ministries, departments and agencies of the federal government.
“We want to ensure that our citizens receive the best public service provision. And that is only going to be possible when we have expanded the tax net to such an extent that we are collecting tax to GDP, reaching the 18 per cent threshold as directed and targeted by Mr President, without any undue burden being placed on the most vulnerable segments of our population,” Ngelale stated.
The presidential aide said the goal is to “ensure that there is effective synergy and that every institution of the federal government is on the same page concerning how tax policy will be implemented.”
DAILY POST recalls that on July 7, 2023, President Tinubu established a Presidential Committee on Fiscal Policy and Tax Reforms, appointing Mr. Oyedele as its Chairman.
