President Bola Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC) to oversee the coordinated rollout of his administration’s new tax reforms.
The announcement was made 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 the public and private sectors, including his tenure as Senior Partner and Head of Advisory Services at KPMG Africa.
The Special Adviser to the President on Finance and Economy, Mrs. Sanyade Okoli, will serve as secretary, with members including Ismaeel Ahmed, Rukaiya El Rufai, and other experts.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will supervise the committee, which is tasked with consulting widely across public and private sectors to ensure broad-based input into the implementation process, as seen on Punch.
President Tinubu emphasized the importance of the new tax laws for the nation’s economic transformation and 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.
The National Tax Policy Implementation Committee will ensure coherent, effective, and well-aligned implementation across all levels of government,” he said.
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The NTPIC will also ensure inter-agency coordination, harmonize existing frameworks with the new statutes, and conduct public awareness campaigns to promote compliance.
Chairman Tegbe stated that the committee is ready to work closely with stakeholders to build public trust in the tax system.
“We understand the strategic importance of these Tax Acts. Our committee will work closely with all stakeholders to support the Minister of Finance and Coordinating Minister of the Economy in ensuring seamless implementation and building public trust in the tax system,” he said.
Minister Edun said the committee would provide the authority and direction needed to reset the tax system and fiscal policy framework, aiming to boost revenue mobilization, reduce leakages, and reinforce accountability for sustainable national development.
“With the establishment of this committee, Mr. President has not only set the direction but also 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,” Edun added.
Over the past year, the Tinubu administration has pushed through a series of new tax laws aimed at overhauling Nigeria’s tax system.
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Image Credit: Encomium Magazine
