Vice President Kashim Shettima has highlighted Nigeria’s tax reforms under President Bola Tinubu’s administration, emphasizing that the reforms are aimed at improving the system for the benefit of all Nigerians.
He clarified that the goal is not to frustrate any sector of the economy but to create an administrative system that ensures the advantages of a thriving tax system for all citizens.
Speaking at the close-out retreat of the Presidential Fiscal Policy and Tax Reforms Committee in Abuja, the Vice President, represented by Aliyu Moddibo Umar, the Special Adviser to the President on General Duties, explained that the dynamics of the nation’s fiscal landscape necessitated a pause and reconsideration of the direction of tax reforms.
He stressed that the policy thrust of the Tinubu administration’s tax reforms aims at revitalizing revenue generation while sustaining an investment-friendly and globally competitive business environment.
The Vice President expressed confidence in the committee’s ability to deliver on its mandate and emphasized the importance of the task ahead.
He stated that the committee was transitioning from the phase of proposal to implementation, and assured that both the federal and state governments are committed to ensuring the effective implementation of the reform proposals.
He also pledged to provide the institutional framework needed to guarantee the adoption of the committee’s consensuses, aligning them with the nation’s economic agenda.
