Oritsegbubemi Omatseyin
Lagos — President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to comprehensive tax reforms, aimed at creating a robust, transparent, and fair tax system that supports enterprise, reduces poverty, and delivers on national development goals.
Speaking in Abuja, at the 27th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria, CITN, themed “Taxation for Development: Policies, Law and Implementation”, President Tinubu highlighted the government’s efforts to restructure and modernize Nigeria’s tax administration and legal framework.
The President, who was represented by the Minister of State for Finance, Dr Doris Uzoka-Anite, noted that the establishment of the Presidential Committee on Fiscal Policy and Tax Reforms and the passage of the Economic Stabilization Bills into law are significant steps towards simplifying the tax system, broadening the tax base, and ensuring alignment between fiscal policy and national development objectives.
“A robust, transparent, and fair tax system is essential for financing government operations and creating an environment of accountability, stability, and long-term development,” he stated.
The President also emphasized the importance of leveraging technology and data analysis to enhance tax compliance and improve service delivery, citing the digitization of tax processes as a positive development.
He called on stakeholders, particularly tax professionals and policymakers, to engage meaningfully and craft pathways that will strengthen tax institutions, boost revenue, and improve the lives of Nigerians.
The President declared the conference open, expressing confidence that the ideas shared and partnerships formed would contribute significantly to deepening tax reform and development in Nigeria.
As Nigeria embarks on this new chapter in its tax reform journey, the government’s commitment to transparency, fairness, and development is poised to yield significant benefits for the nation’s economy and citizens.
