President Bola Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC) to oversee the implementation of Nigeria’s new tax reforms. The committee, chaired by Joseph Tegbe, aims to ensure a fair, transparent, and technology-driven tax system that supports economic growth and protects citizens’ and businesses’ interests.
Key Objectives:
– Nationwide Stakeholder Engagement: Conducting extensive consultations with private sector leaders, state governments, and professional bodies
– Public Awareness Campaigns: Educating citizens on the new tax laws and their benefits
– Inter-Agency Coordination: Aligning revenue collection bodies and regulatory institutions with the new laws
– Revenue Mobilization: Enhancing revenue collection and minimizing leakages
The NTPIC comprises experts from tax administration, finance, law, the private sector, and civil society, ensuring a balanced and inclusive approach. Minister of Finance Wale Edun will oversee the committee’s activities, with Sanyade Okoli serving as Secretary.
