Vice President Kashim Shettima emphasizes that Nigeria’s tax reforms, implemented during President Bola Tinubu’s administration, aim to enhance the system for the collective benefit of all Nigerians.
He clarified that contrary to speculations in certain circles, “we are not here to frustrate any sector of our economy but to create an administrative system that ensures the benefits of a thriving tax system for all our citizens.”
The Vice President, represented by Aliyu Moddibo Umar, the Special Adviser to the President on General Duties (Office of The Vice President), conveyed this message on Saturday during the conclusion of the Presidential Fiscal Policy and Tax Reforms Committee’s retreat at the Transcorp Hilton, Abuja.
According to a statement by his spokesperson, Stanley Nkwocha, the Vice President elucidated the policy direction of the Tinubu administration’s tax reforms, noting that the dynamics of the nation’s fiscal landscape prompted the administration to pause and reassess its trajectory.
“Our aim remains the revitalisation of revenue generation in Nigeria while sustaining an investment-friendly and globally competitive business environment,” he noted.
While expressing confidence in the ability of the committee to deliver on the mandate, the Vice President emphasised 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 added.