Sponsored
News

National Tax Policy Implementation Committee Commences Robust Stakeholder Engagements

Sponsored
Sponsored

The Joseph Tegbe-led National Tax Policy Implementation Committee (NTPIC) has commenced structured stakeholder engagements to ensure a humane, inclusive, and well-coordinated implementation of the new Tax Acts, as the country undertakes significant fiscal reforms.

The Committee aims to bridge the gap between policy intent and execution by promoting clarity, managing expectations, and ensuring that implementation reflects the realities of businesses, citizens, and all levels of government, working closely with the Nigeria Revenue Service (NRS) and the Presidential Fiscal Policy Reform Committee (PFPRC).

As part of its initial consultations, the committee leadership team met with the Presidential Fiscal Policy Reform Committee (FPRC), led by Mr. Taiwo Oyedele, to ensure alignment between reform objectives and practical implementation realities.

Oyedele highlighted challenges arising from misinformation about certain provisions of the law, noting that some provisions had been misinterpreted in public discussions.

He added that targeted and accessible communication initiatives are being developed to address these gaps, with stakeholder feedback playing a key role in shaping the reform process.

 In a separate engagement with the Executive Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, NTPIC focused on harmonising implementation priorities and strengthening institutional coordination. The Committee outlined its ongoing activities and implementation roadmap

Adedeji commended NTPIC’s proactive approach, describing the new tax laws as a significant development in Nigeria’s fiscal framework.

He noted that while new policies may take time to gain full public acceptance, a transparent, well-sequenced, and education-driven implementation process will gradually build confidence and trust.

In conclusion, NTPIC emphasizes that effective tax reform depends not only on legal and technical design but also on effective communication and stakeholder engagement.

Tegbe stressed that structured stakeholder engagement and consistent communication are central to the success of the reforms.

He assured that consultations will continue with the National Economic Council, the Nigerian Governors’ Forum, Local Government Leaders, as well as traditional, religious, and community leaders.

He reiterated that the new tax Acts are designed to create a simpler, fairer, and more predictable tax system that fosters voluntary compliance, strengthens investor confidence, and supports sustainable economic growth.

 The NTPIC Committee team also included the Chairman of the Stakeholders Engagement Subcommittee, Barrister Ismael Ahmed and the Chairman of the Technical Subcommittee, Mr. Ajibola Olomola respectively.

Sponsored
Funsho Arogundade

Recent Posts

Man, 23, Arraigned Over Alleged Conspiracy, Breach Of Peace And N10m Vehicle Theft In Lagos

CYRIACUS IZUEKWE  A 23-year-old man, Oluwakunmi Damilola, has been arraigned before a Magistrate Court in…

17 minutes ago

All Road Leads To Alimosho LG For Ohanaeze Ndigbo General Assembly Meeting

Alimosho Local Government will be the center of attention for Ndigbo in Lagos as the…

7 hours ago

AICL Expands Youth Enterprise Drive, Awards N9.75m To Innovative StartUps Across Three Sectors

The Abuja Investment Company Limited (AICL) has reinforced its commitment to youth entrepreneurship and innovation…

8 hours ago

Guinness Nigeria Announces Strong Q2 Results, Declares Additional ₦7 Interim Dividend Per Share

Guinness Nigeria Plc has announced its unaudited financial results for the quarter ended 30 June…

8 hours ago

Osun 2026: Accord Stakeholders Escalate Showdown With Gov. Adeleke Over Gbenga Hashim

The political crisis brewing within the Accord Party in Osun State deepened on Tuesday as…

8 hours ago

GTCO Announces 16th Annual Autism Conference And Free Consultation

Guaranty Trust Holding Company Plc, GTCO, has announced full plans for its 16th Annual Autism…

9 hours ago
Sponsored