Tinubu Charts Bold Path to Tax Reform and Economic Renewal By Raymond Enoch
In a bold and strategic push to overhaul Nigeria’s fiscal framework, President Bola Ahmed Tinubu has laid out an ambitious roadmap for tax reform aimed at driving national development, boosting investment, and ensuring equitable economic growth.
Speaking through the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite, at the 27th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria (CITN) in Abuja, President Tinubu reaffirmed his administration’s commitment to reshaping the nation’s tax landscape to reflect transparency, fairness, and efficiency.
At the heart of this agenda is the Presidential Committee on Fiscal Policy and Tax Reforms, a high-powered body tasked with simplifying tax processes, expanding the tax net, and aligning fiscal policies with Nigeria’s long-term development goals. This, according to the President, is not just about collecting revenue but about enabling prosperity for citizens and creating a robust, sustainable economy.
A critical component of the reform is the passage of the Economic Stabilization Bills into law. These bills are designed to modernize Nigeria’s tax laws and administrative framework, laying the groundwork for a more business-friendly climate while reducing poverty and enhancing government accountability.
Technology stands at the center of the proposed changes. President Tinubu stressed the need for digital transformation within tax administration, calling for the deployment of advanced data analytics and automation tools to improve compliance, plug revenue leakages, and optimize service delivery.
“The goal is not just to raise revenue,” Dr. Uzoka-Anite stated on behalf of the President, “but to create a tax system that fosters inclusive growth, inspires public trust, and catalyzes investment.”
The announcement signals a new era in Nigeria’s economic management. With reform momentum gaining pace, the administration’s emphasis on fiscal discipline, accountability, and innovation is seen as a crucial step towards unlocking the country’s economic potential.
As the Federal Government moves to implement these sweeping reforms, stakeholders and citizens alike are watching closely, hopeful that this fresh vision will translate into meaningful change for Nigeria’s future.
