Tinubu Directs Ministry, Agencies To Implement Tax Reforms

President Bola Ahmed Tinubu has directed federal government agencies, parastatals to implement all recommendations by the Presidential Fiscal Policy and Tax Reform Committee.

The president set up the Taiwo Oyedele-led committee in June this year, to among other things, look into how the tax-Gross Domestic Product ratio could be increased to 18 percent.

The tax-GDP ratio in Africa is 10 percent.

Speaking after receiving the report from the committee on Tuesday, the president directed concerned government officials to ensure that the recommendations are implemented.

According to a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, the president directed his Adviser on Policy Coordination, Hadiza Bala Usman, to liaise with the Secretary to the Government of the Federation, SGF and Oyedele to give effect to the directive.

The officials must synergize, the president said in order for the recommendation to be fully implemented.

According to him, the directive to escalate the recommendations across government’s institutions is to ensure there is effective synergy and assimilation when it comes to their implementation.

“After listening to a presentation by the committee chairman, the President directed the Special Adviser to the President on Policy Coordination, Hadiza Bala 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 to ensure that there is effective synergy and to ensure that every institution of the federal government is on the same page with respect to how tax policy will be implemented.

“Henceforth, His Excellency Mr. President has also made available an opportunity for the recommendations of the tax policy review committee to be made a top most priority at the next sitting of the Federal Executive Council meeting on Monday. Mr. President will continue to emphasise the importance of ensuring that our tax authorities are not taxing the seed, but are taxing the fruit and that will continue to be the focus”, he said.