Business
Just in: President Tinubu makes fresh appointment
President Bola Ahmed Tinubu has set up a committee on Tax reforms and has appointed Taiwo Oyedele as the chairman.
Mr. Oyedele is a highly accomplished professional with extensive expertise in fiscal policy, taxation, and economic matters. He currently serves as PWC Africa tax leader.
In addition to his role at PwC, Oyedele holds several important positions in prestigious organizations. He is the Thematic Lead for the Fiscal Policy & Planning Commission and serves as the Chairman of the West Africa Debt Management Roundtable of the Nigerian Economic Summit Group (NESG).
Furthermore, he chairs the Taxation & Fiscal Policy Faculty Board of the Institute of Chartered Accountants of Nigeria (ICAN) and is a member of the Nigerian Taxation Standards Board. He also serves as a member of the Ministerial Committee on the implementation of Nigeria’s National Tax Policy.
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He is a member of the Global Tax Forum and has previously served as a member of the Global Governing Council of the Association of Chartered Certified Accountants (ACCA).
As an educator, 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.
In a statement signed by the Special Adviser to the President (Special Duties, Communications and Strategy), Dele Alake, said the committee will comprise experts from both the private and public sectors and have responsibility for the various aspects of tax law reform, fiscal policy design and coordination, harmonisation of taxes, and revenue administration.
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“The committee’s primary objective is to enhance revenue collection efficiency, ensure transparent reporting, and promote the effective utilization of tax and other revenues to boost citizens’ tax morale, foster a healthy tax culture, and drive voluntary compliance,” the statement said.
The statement further stressed that the efforts will not only improve Nigeria’s revenue profile but also create a more conducive and internationally-competitive business environment.
“Our aim is to transform the tax system to support sustainable development and achieve a minimum of 18% Tax to GDP ratio within the next 3 years without stifling investment or economic growth.
“It should be noted that this committee will not only advise the government on necessary reforms, but will also drive the implementation of such recommendations in support of the comprehensive fiscal policy and tax reform agenda of the current administration,” the statement said.