President Bola Ahmed Tinubu has set up a Presidential Committee on Fiscal Policy and Tax Reforms.
The said Committee is to be chaired by Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC), Taiwo Oyedele.
The immediate establishment of the Presidential Committee in this regard according to the government, is in consonance with his promise to remove all barriers impeding business growth in Nigeria.
The new body we understand, will attract experts from both the private and public sectors and have responsibility for the various aspects of tax law reform, fiscal policy design and coordination, harmonization of taxes, and revenue administration.
Already, government has identified the major challenges of taxes in Nigeria has remained multiple taxes, with multiple revenue collection agencies, complex tax system, low tax morale, high prevalence of tax evasion, high cost of revenue administration, lack of coordination between fiscal and economic policies, and poor accountability in the utilization of tax revenue.
Meanwhile, in his brief about Taiwo Oyedele, the SA to the President on
Special Duties, Comms and Strategy, Dele Alake, said that, “Taiwo Oyedele holds the position of Associate Professor at the Babcock University Business School. He is an alumnus of the London School of Economics & Political Science, Yale University and Harvard Kennedy School Executive Education. He is a guest lecturer at the Lagos Business School and the Founder and President of Impact Africa Foundation.