President Bola Tinubu, on Tuesday, introduced a noteworthy initiative by forming a fiscal policy and tax reforms committee. Comprising a dynamic blend of professionals from the private and public sectors, this committee is set to make significant strides under the leadership of Taiwo Oyedele, an acclaimed authority in the realm of taxation and policy.
With a clear mandate, the committee’s primary objective is to orchestrate tax reforms that can be achieved within a concise 30-day timeline. Taiwo Oyedele elucidated that meticulous consideration went into the composition of the committee, ensuring a fusion of diverse and profound expertise. This strategy aims to secure a comprehensive representation from key stakeholder groups spanning across various geopolitical zones.
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Remarkably, among the committee members, Orire Agbaje stands out as an exemplar of emerging talent. Orire Agbaje is a 400-level Economics student at the prestigious University of Ibadan (UI). This inclusion showcases a commitment to fostering intergenerational collaboration and ensuring fresh perspectives in the pursuit of effective policy recommendations.
As the committee embarks on this critical endeavor, here is an overview of the distinguished individuals who constitute its membership.
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1. Taiwo Oyedele, Chairman
2. Representatives of Tax Practice, Law and Accounting Firms
3. Members of the Tax Advisory Committee
4. National Tax Policy Implementation Committee
5. Renowned Fiscal Policy and Tax Experts.
6. Representative of the Chartered Institute of Taxation of Nigeria (CITN)
7. Representative of the Institute of Chartered Accountants of Nigeria (ICAN)
8. Representative of the Association of National Accountants of Nigeria (ANAN)
9. Representative of the Nigerian Bar Association (NBA)
10. Nigerian Economic Summit Group (NESG)
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11. Organised Private Sector of Nigeria (OPSN)
12. Nigerian Association of Small and Medium Enterprises (NASME)
13. Women in Business (WIMBIZ)
14. Representative of the Federal Ministry of Justice
15. Representative of the Federal Ministry of Finance.
16. Representative of Federal Ministry of Trade, Industry & Investment
17. Representative of Ministry of Telecommunications & Digital Economy
18. Nigerian Investment Promotion Commission (NIPC)
19. Tariff Technical Committee
20. Nigerian Ports Authority (NPA).
21. Nigerian Maritime Administration and Safety Agency (NIMASA)
22. Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
23. The Federal Inland Revenue Service (FIRS)
24. The Joint Tax Board (JTB)
25. Nigeria Customs Service.
26. Representative of Association of Local Government of Nigeria (ALGON)
27. National Institute for Legislative and Democratic Studies (NILDS)
28. National Institute for Policy and Strategic Studies (NIPSS)
29. Revenue Mobilisation Allocation and Fiscal Committee (RMAFC)
30. The Budget Office of the Federation.
31. Accountant General of the Federation
32. National Bureau of Statistics
33. DG, Nigeria Governors’ Forum
34. Debt Management Office
35. Chairman, Finance Commissioners’ Forum.
36. Central Bank of Nigeria
37. Students Tax Clubs
38. Partners & Observers – World Bank, IMF, United Nations, BudgIT, Tax Justice & Governance Platform
