Vice President Kashim Shettima has highlighted that Nigeria’s tax reforms, spearheaded by President Bola Tinubu’s administration, are designed to enhance the system for the collective welfare of all Nigerians. He clarified that the objective is not to hinder any sector of the economy but to establish an administrative structure that secures the advantages of a robust tax system for the entire populace.
The Vice President’s message was conveyed by Aliyu Moddibo Umar, the Special Adviser to the President on General Duties (Office of the Vice President), during the conclusion of the Presidential Fiscal Policy and Tax Reforms Committee’s retreat at the Transcorp Hilton, Abuja. The statement from his spokesperson, Stanley Nkwocha, elaborated on the policy direction of the Tinubu administration’s tax reforms, emphasizing the need for a reevaluation due to the evolving fiscal landscape of the nation.
The Vice President stressed the administration’s commitment to enhancing revenue generation in Nigeria while maintaining an environment conducive to investment and global competitiveness. He expressed confidence in the committee’s ability to fulfill its mandate and underscored the importance of transitioning from proposing reforms to implementing them effectively. Additionally, he assured that both federal and state governments are prepared to support the execution of reform proposals and establish the necessary institutional framework to align with the country’s economic agenda.
