Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has declared that the signing of Nigeria’s new tax reform bills has given him a sense of fulfillment and renewed hope for the country.
Oyedele made this declaration on Friday, when he appeared on Channels Television’s ‘The Morning Brief’, stressing that the real work of implementation was just beginning.
He noted that the path to reform had not been easy, but commended the efforts of stakeholders who had supported the process.
“So I feel, first, a sense of satisfaction and fulfillment. I also feel more hopeful about the country. And of course, I’m happy that we’re here.
“It’s been a very difficult journey. And thanks to all our stakeholders… now that we’re here, I think the foundation has been laid,” he said.
He, however, warned that the reforms were still in their early stages.
“We’re not under any illusion that the house is ready. If you’re homeless and you manage to put up a foundation, you are still homeless.
“But you’ve made very important progress. And therefore, just building on that, here’s the next phase, and we’re excited to embark on this journey together,” he added.
The brief ceremony, held at the Presidential Villa, was witnessed by top government officials, including governors, ministers, National Assembly leaders, and presidential aides.
The signed legislation included the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
According to the presidency, the bills are designed to overhaul Nigeria’s tax system, improve revenue collection, enhance the ease of doing business, and attract more local and international investment.
