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

Democracy Day: Princess Folashade Olabanji-Oba Rallies Nigerians Especially Women To Make Polling Units ‘Beacons Of Hope’ Ahead Of 2027

As Nigeria marks another historic June 12 Democracy Day, prominent political leader, Aarebirin Hon. Princess…

15 minutes ago

Ikeja LG Boss, Comrade Dauda Greets Nigerians On Democracy Day

OLALEKAN ONI As Nigeria marks another Democracy Day, the Executive Chairman of Ikeja Local Government,…

40 minutes ago

JMG At 28 – A Groundbreaking Trajectory from Generator Supplier to Electro- Mechanical Powerhouse

JMG Limited, Nigeria’s foremost integrated electromechanical solutions company is celebrating 28 years of innovation, growth, and industry leadership,  marking…

2 hours ago

Insight Redefini Names Babatunde Olaifa New Group CEO

Insight Redefini Group, Nigeria and West Africa’s largest integrated marketing communications network and a member…

3 hours ago

Access Holdings Chairman, Aig-Imoukhuede Says Acquisition Phase Over, Focus Shifts to Shareholder Returns

BY FUNSHO AROGUNDADE Access Holdings Plc Chairman Aigboje Aig-Imoukhuede said the group has completed 20…

3 hours ago

Details of Proposed Constitutional Amendments for the Establishment of State Police And Federal Police

These are the details of proposed Constitutional Amendments for the Establishment of the State Police…

4 hours ago
Sponsored