The National Economic Council (NEC) has resolved to formally interface with the Presidential Fiscal Policy and Tax Reforms Committee, led by Taiwo Oyedele, to address issues surrounding the newly enacted tax laws. This move aims to ensure effective implementation of the tax reforms across sub-national governments, promoting shared prosperity and fixing Nigeria’s fragmented tax system.
The committee’s objectives include addressing inequities, enhancing revenue collection, and promoting economic growth. NEC’s decision reflects concerns over potential gaps and ambiguities in the new tax framework, flagged by KPMG, and seeks to clarify implementation and interpretation.
