President Bola Tinubu has appointed Miss Orire Agbaje, a 400 level Economics student of the University of Ibadan as a member of the Presidential Committee on Fiscal Policy and Tax Reforms that was inaugurated today.
President Tinubu inaugurated the committee, chaired by Mr. Taiwo Oyedele, in Abuja as he charged the committee to improve the country’s revenue profile and business environment.
During the inauguration, he expressed his resolute commitment to break the vicious cycle of overreliance on borrowing for public spending, adding that the Federal Government moves to achieve an 18% Tax-to-GDP ratio within three years.
The President emphasized the importance of the committee’s mandate, acknowledging the expectations of citizens who desire a better quality of life.
”The Committee, in the first instance, is expected to deliver a schedule of quick reforms that can be implemented within thirty days. Critical reform measures should be recommended within six months, and full implementation will take place within one calendar year,” the President added.
Chairman of the Committee, Mr. Taiwo Oyedele, highlighted the necessity for comprehensive updates to outdated laws in order to harmonize taxes and address the concerns of investors, both large and small.
According to the chairman, with the commitment of accomplished individuals from various sectors, including Miss Agbaje, the committee is set to make a substantial impact on Nigeria’s tax system and economic growth.
President Tinubu’s dedication to revenue transformation and fiscal reform, coupled with the committee’s expertise and passion, signifies a promising future for Nigeria’s economic development and tax policies.