By Nchetachi Chukwuajah
President Bola Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC) to oversee the coordinated implementation of the new tax reforms.
This was contained in a statement signed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Friday, November 28.
According to the statement, the committee will be chaired by Mr Joseph Tegbe while the Special Adviser to the President on Finance and Economy, Mrs Sanyade Okoli, will serve as secretary. Other members include Ismaeel Ahmed, Rukaiya El Rufai, and other experts.
The statement further notes that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, will supervise the committee.
The committee is expected to consult widely across public and private sectors to ensure broad-based input into the implementation process.
According to Tinubu, the new tax laws are crucial to the nation’s economic growth and public finance management.
“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.
“The National Tax Policy Implementation Committee will ensure coherent, effective, and well-aligned implementation across all levels of government,” the President was quoted as saying.
The NTPIC is also tasked with ensuring inter-agency coordination, harmonising existing frameworks with new statutes, and running public awareness campaigns to promote compliance.
Tegbe assured that the team is ready to work closely with stakeholders to build public trust in the tax system.
He said: “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.”
The statement further noted that Edun said the committee would provide the authority and direction needed to reset the tax system and fiscal policy framework, aiming to boost revenue mobilisation, reduce leakages, and reinforce accountability for sustainable national development.
Tinubu’s administration has pushed through a series of new tax laws, including the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment Bill), the Joint Revenue Board Bill, and the Nigeria Tax Bill, aimed at overhauling Nigeria’s tax system.
