Nigeria vice president, Kashim Shettima has said the current tax reforms by the President Bola Tinubu administration is targeted at improving the system for the overall benefit of Nigerian citizens.
He stated that in contrast to speculations in some quarters, the Federal Government is committed to “creating an administrative system that ensures the benefits of a thriving tax system for all our citizens.”
The VP disclosed on Saturday at the close-out retreat of the Presidential Fiscal Policy and Tax Reforms Committee at the Transcorp Hilton, Abuja.
Shettima, represented by the Special Adviser to the President on General Duties (Office of The Vice President), Dr Aliyu Moddibo Umar, explained that the present administration will not outwit any sector of the economy, emphasizing that the dynamics of the nation’s fiscal landscape motivated the Tinubu administration to pause and reconsider the direction it was going.
“Our aim remains the revitalisation of revenue generation in Nigeria while sustaining an investment-friendly and globally competitive business environment,” he noted.
The VP, whilst expressing confidence in the ability of the committee to deliver on the directive, the VP emphasized the significance of the task ahead, noting that “we are gathered today because we are transitioning from the phase of proposal in the operations of this committee’s work to the phase of implementation.
“I am confident that both the federal and state governments stand ready to ensure the effective implementation of your reform proposals, and we shall provide the institutional framework to guarantee the adoption of the consensuses of this committee, aligning them with our economic agenda,” he said.