President Bola Tinubu has approved the establishment of the National Tax Policy Implementation Committee to oversee the coordinated rollout of the administration’s new tax reforms.
The approval was announced in a statement signed by the President’s aide, Bayo Onanuga, on Friday.
The committee will be chaired by Mr. Joseph Tegbe, a Fellow of both the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria, with over 35 years of experience in public and private sectors, including a tenure as Senior Partner and Head of Advisory Services at KPMG Africa.
Mrs. Sanyade Okoli, Special Adviser to the President on Finance and Economy, will serve as secretary, while other members include Ismaeel Ahmed, Rukaiya El Rufai, and several sector experts.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will supervise the committee, which is tasked with wide-ranging consultations across public and private sectors to ensure broad-based input in implementing the reforms.
President Tinubu said the new tax laws are crucial for national economic transformation and effective public finance management.
“These new Tax Acts reflect our administration’s commitment to building a fair, transparent, and technology-driven tax system that supports economic growth while protecting the interests of citizens and businesses,” he said.
“The National Tax Policy Implementation Committee will ensure coherent, effective, and well-aligned implementation across all levels of government,” the President added.
Committee Chairman Tegbe stated, “We understand the strategic importance of these Tax Acts. Our committee will work closely with all stakeholders to support the Minister of Finance in ensuring seamless implementation and building public trust in the tax system.”
Edun emphasized that the committee would provide the necessary authority and direction to reset the tax system and fiscal policy framework.
“With the establishment of this committee, Mr. President has provided the authority and support required to reset not just the tax system but the entire fiscal policy framework of government, to deliver significant economic growth for the benefit of all Nigerians,” he said.
Over the past year, the Tinubu administration has enacted several new tax laws aimed at overhauling Nigeria’s tax system to increase revenue mobilization, reduce leakages, and reinforce accountability.
