President Bola Tinubu has established the National Tax Policy Implementation Committee (NTPIC) to oversee the implementation of the administration’s tax reforms. The committee, chaired by Joseph Tegbe, aims to ensure the effective execution of the new tax laws, which are crucial to the nation’s economic transformation agenda. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, will oversee the committee’s work.
The NTPIC’s primary objective is to enhance revenue mobilization, minimize leakages, and reinforce accountability, thereby strengthening the government’s fiscal sustainability and national development objectives. The committee will undertake extensive consultations across the public and private sectors to ensure broad-based input into the implementation process. It comprises experts drawn from tax administration, finance, law, the private sector, and civil society, ensuring a balanced and inclusive approach to policy execution.
The new tax laws reflect the 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 committee’s mandate emphasizes broad stakeholder consultation, strong inter-agency coordination, and public awareness campaigns to support effective implementation.
The committee’s chairman, Joseph Tegbe, expressed the team’s readiness to work diligently in support of national development. “We understand the strategic importance of these Tax Acts,” he said. “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 Minister of Finance, Wale Edun, added that the establishment of the committee demonstrates the president’s commitment to resetting the tax system and the entire fiscal policy framework to deliver significant economic growth for the benefit of all Nigerians. The committee’s work is expected to have a significant impact on the country’s economic development, and its success will be crucial in achieving the administration’s economic aspirations.
The establishment of the NTPIC is a significant step towards implementing the new tax laws, which are expected to strengthen public finance management and safeguard the legitimate expectations of investors and the productive sectors. The committee’s work will be closely monitored, and its progress will be crucial in determining the success of the administration’s economic transformation agenda. With the committee in place, the government is poised to make significant strides in enhancing revenue mobilization and promoting economic growth.