Tinubu approves National Tax Policy Implementation Committee to drive tax reforms
President Bola Tinubu
Abdullateef Fowewe
President Bola Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC) to spearhead the execution of his administration’s major tax reforms, aiming to align fiscal policies with Nigeria’s economic aspirations.
The Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed in a statement on Friday that the committee, chaired by Joseph Tegbe, “will ensure the implementation of the administration’s landmark tax reforms in line with the economic aspirations of the government and the people of Nigeria.”
The committee’s work will be overseen by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
The NTPIC is tasked with extensive consultations across the public and private sectors to ensure broad-based input during the implementation process.
The committee’s composition includes experts from tax administration, finance, law, the private sector, and civil society, ensuring a balanced and inclusive approach.
President Tinubu emphasised that “effective implementation of the Tax Acts is central to the nation’s economic transformation agenda and critical to strengthening public finance management while safeguarding the legitimate expectations of investors and the productive sectors.”
On the vision for the tax reforms, the President stated, “These new Tax Acts reflect our administration’s commitment to building a fair, transparent, and technology-driven tax system that supports economic growth while protecting the interests of citizens and businesses.”
He further added, “The National Tax Policy Implementation Committee will ensure coherent, effective, and well-aligned implementation across all levels of government.”
Chairman Joseph Tegbe, a Fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria, underscored the importance of collaboration stressing, “We understand the strategic importance of these Tax Acts. Our committee will work closely with all stakeholders to support the Minister of Finance and Coordinating Minister of the Economy in ensuring seamless implementation and building public trust in the tax system.”
Edun highlighted the significance of the committee’s establishment, saying, “With the establishment of this Committee, Mr President has not only set the direction but also provided the authority and support required to reset not just the tax system but the entire fiscal policy framework of Government, to deliver significant economic growth for the benefit of all Nigerians.”
The NTPIC aims to enhance revenue mobilisation, reduce leakages, reinforce accountability, and ultimately strengthen the government’s fiscal sustainability and national development objectives.
