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Tinubu Inaugurates C’ttee On Tax Reforms, Appoints Oyedele Chairman
President Bola Tinubu has approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms.
The move is in consonance with his promise to remove all barriers impeding business growth in Nigeria
In a statement on Friday, Dele Alake, Special Adviser to the President on Special Duties, Communications and Strategy, disclosed that the committee will be chaired by Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC), Taiwo Oyedele.
It 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, harmonization of taxes, and revenue administration.
Special Adviser to the President on Revenue, Mr. Adelabu Zacch Adedeji, explained that President Tinubu recognizes the importance of a sound fiscal policy environment and an effective taxation system for the functioning of the government and the economy.
”Nigeria ranks very low on the global ease of paying taxes while the country’s Tax to GDP ratio is one of the lowest in the world and well below the African average.
”This has led to an overreliance on borrowing to finance public spending which in turn limits the fiscal space as debt service costs consume a greater portion of government revenue, annually resulting in a vicious cycle of inadequate funding for socio-economic development.
”While some incremental progress has been recorded over the years, the outcomes have not been transformative enough to change the narrative,” he said.
Adedeji outlined the key challenges in Nigeria’s tax system to include multiple taxes and revenue collection agencies, fragmented and 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.
The establishment of this committee reflects President Tinubu’s commitment to addressing these challenges and bringing about transformative reforms in fiscal policy and taxation.
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.
These 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 SA on Revenue added
Accordingly, the committee comprises experts from both the private and public sectors and will be responsible for various aspects of tax law reforms, fiscal policy design and coordination, harmonization of taxes, and revenue administration.
The Special Adviser to the President on Revenue, Adelabu Zacch Adedeji, explained that President Tinubu recognizes the importance of a sound fiscal policy environment and an effective taxation system for the government’s and the economy’s functioning.
“Nigeria ranks very low on the global ease of paying taxes while the country’s Tax to GDP ratio is one of the lowest in the world and well below the African average.
Adedeji outlined that the committee would address the key challenges in Nigeria’s tax system, including multiple taxes and revenue collection agencies, fragmented and 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.
“We aim to transform the tax system to support sustainable development and achieve a minimum of 18% Tax to GDP ratio within the next three years without stifling investment or economic growth”, he added.
Recall that on Thursday, Tinubu suspended the implementation of the 2023 Finance Act, telecoms, import and other taxes to create an enabling business environment.
In the same vein, President Bola Tinubu has signed four Executive Orders one of which is the suspension of the five per cent Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products.
The Special Adviser to the President on Special Duties, Communications and Strategy, Dele Alake announced this on Thursday while briefing journalists at the State House in Abuja.
He stated that the President also signed the Finance Act (Effective Date Variation) Order, 2023, which now defers the commencement date of the changes contained in the Act from May 23, 2023 to September 1, 2023.
According to the presidential spokesman, this is to ensure adherence to the 90 days’ minimum advance notice for tax changes as contained in the 2017 National Tax Policy.
President Tinubu also signed The Customs, Excise Tariff (Variation) Amendment Order, 2023, shifting the commencement date of the tax changes from March 27, 2023 to August 1, 2023 and also in line with the National Tax Policy.
Tinubu also ordered the suspension of the newly introduced Green Tax by way of Excise Tax on Single-Use Plastics, including plastic containers and bottles as well as the suspension of Import Tax Adjustment levy on certain vehicles.
Alake equally explained that the President issued these orders to ameliorate the negative impacts of the tax adjustments on businesses and chokehold on households across affected sectors.
He however reiterated the President’s commitment to reviewing complaints about multiple taxation, local and anti-business inhibitions.
He also noted that President Tinubu’s administration will, therefore, continue to give requisite stimulus by way of friendly policies to allow businesses to flourish in the country.
The President assured Nigerians that there will not be further tax raise without robust and wide consultations undertaken within the context of a coherent fiscal policy framework.
News
Senator Monguno Delivers Monguno LGA for President Tinubu
Senator Mohammed Tahir Monguno, Chief Whip of the Senate and distinguished representative of Borno North Senatorial District, has once again proven his political dexterity and grassroots command by delivering Monguno Local Government Area overwhelmingly for President Bola Ahmed Tinubu during the All Progressives Congress (APC) Presidential Primaries.
The primaries, conducted in a peaceful and transparent atmosphere, drew massive participation from party faithful, stakeholders, youth groups, and women across Monguno LGA. The exercise was marked by unity, discipline, and enthusiasm, as members reaffirmed their loyalty to the APC and their unwavering commitment to the Renewed Hope Agenda championed by President Tinubu.
Senator Monguno, addressing the gathering, commended the people for their steadfastness and collective spirit. He emphasized that the success of the primaries was not merely a reflection of his leadership but a testament to the enduring bond between the APC and the people of Borno North. “Our strength lies in our unity, our discipline, and our loyalty to the ideals of progress and development. Together, we will continue to sustain the dominance of our great party,” he declared.
Observers noted that the outcome of the primaries further cements Senator Monguno’s reputation as a formidable political figure in Borno State. His ability to mobilize diverse groups – from traditional leaders and community stakeholders to youth and women organizations – underscores his deep connection with the grassroots and his commitment to inclusive leadership.
The primaries also highlighted the growing confidence of the people in President Tinubu’s administration. Many participants expressed optimism that the Renewed Hope Agenda would bring lasting development, security, and prosperity to the region. The atmosphere was charged with chants of solidarity and renewed determination to ensure the continued success of the APC at both state and national levels.
Political analysts have described Monguno’s achievement as a strategic boost for the APC in Borno State, reinforcing the party’s dominance and strengthening its prospects for future contests. The senator’s role in coordinating the primaries has been widely praised as an example of effective leadership and organizational skill.
As the APC consolidates its position across Nigeria, the Monguno LGA primaries stand as a clear demonstration of the party’s resilience and the people’s trust in its vision. Senator Monguno’s influence, coupled with the collective will of Borno North, has once again positioned the district as a stronghold of support for President Tinubu and the APC.
With this successful outing, Borno North remains united, resolute, and firmly committed to advancing the progress of the party and the nation under the leadership of President Bola Ahmed Tinubu.
News
KUMO CONGRATULATES TINUBU ON PRIMARY VICTORY: “NIGERIA HAS FOUND IN YOU A LEADER WORTHY OF HER TRUST “
Hon. Hamma-Adama Ali Kumo, popularly known as “Dattuwa”, Deputy National Financial Secretary of the All Progressives Congress (APC) and Chairman of the Governing Board of the Industrial Training Fund (ITF), has congratulated President Bola Ahmed Tinubu on his landslide victory at the 2026 APC Presidential Primary Election.
In a warm and heartfelt message, Kumo described the President’s victory as a clear and resounding endorsement by millions of ordinary Nigerians who have seen, felt, and believed in his leadership.
“Mr. President, today the people have spoken. From the North to the South, from state to state and ward to ward, APC members came out in their millions to say — we are with you. This victory belongs to every Nigerian who believes in a better tomorrow,” Kumo said.
He praised President Tinubu for the courage and humility he demonstrated by subjecting himself to the democratic process — choosing to stand and be elected rather than using the power of incumbency to sidestep the people’s verdict.
“You are a President who could have taken the easy road. Instead, you opened the door to all, welcomed a challenger, and stood before the Nigerian people to be judged. That is the mark of a true democrat, and we are proud of you,” he said.
Kumo also celebrated the Electoral Act 2026 — signed by the President — which abolished the delegate system and empowered grassroots party members across all 8,809 wards to vote directly for their preferred candidate. He described it as one of the most important gifts any President has given to Nigerian democracy.
“You did not just talk about democracy. You legislated for it, and then you lived by it. That consistency of character is what sets you apart,” Kumo added.
As a member of the APC’s National Working Committee and Chairman of the ITF Governing Board — a position he holds by the confidence of the President — Kumo said he remained fully committed to supporting the Tinubu administration in delivering on its Renewed Hope agenda for all Nigerians.
He closed with a personal charge to the President.
“Your Excellency, the mandate is yours. The people trust you. Go and finish the work. Nigeria is counting on you, and we are all standing firmly behind you.”
News
CBIAMEC Elects New Executives as National Coordinator, Onomuodeke Unveils Seven-Point Agenda
The CSO Budget Implementation, Assessment, Monitoring and Evaluation Committee (CBIAMEC) has on Friday, elected new executives to pilot the affairs of the committee, with Comrade Patrick Ogheneyero Onomuodeke, emerging as the newly elected National Coordinator.
The election, which drew members, stakeholders, and observers from different sectors, marked a significant transition in the leadership structure of the committee and reaffirmed its commitment to transparency, accountability, inclusion, and effective project monitoring across the country.
Other officers were also elected into key positions including General Secretary, Head of Operations, Head of Legal, Head of Media, among others.
Speaking shortly after the election, Comrade Patrick Ogheneyero unveiled a seven-point agenda aimed at repositioning the committee for greater efficiency, visibility, and impact. According to him, the agenda will focus on strengthening institutional capacity, promoting transparency in budget implementation processes, improving collaboration with relevant stakeholders, enhancing media visibility, deepening citizen engagement, promoting inclusiveness, and ensuring effective monitoring and evaluation of projects and policies.
He stressed the importance of unity, professionalism, and dedication among members, noting that civil society organizations must continue to play active roles in promoting good governance and accountability in the country.
The newly elected National Coordinator further pledged to run an open, inclusive, and result-driven administration that would prioritize teamwork, transparency, and national development.
The election also witnessed the presence of notable observers and stakeholders, including Comrade Adodo Solomon, Chairman Public and Private Partnership, as well as international development expert, Mrs. Tamara Jensin, President and Chairman Arc-royal International, alongside other dignitaries.
Members of the committee expressed optimism over the emergence of the new executives, describing the development as a fresh opportunity to reposition the organization and strengthen its relevance within the civic and governance space.
The event concluded with goodwill messages and renewed commitments by members to work collectively toward achieving the vision and objectives of the committee.
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