Presidential Committee Chairman Taiwo Oyedele claims 90% of Nigerians support tax reform bills aimed at economic growth. Despite backing from surveys, the bills face criticism over regional disparities and consultation gaps. President Tinubu remains steadfast on advancing the reforms, promising streamlined taxation and new administrative structures for fiscal stability.
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR), has disclosed that a significant majority of Nigerians—90%—support the ongoing tax reform bills before the National Assembly.
Speaking during a Channels TV town hall discussion, Oyedele referenced a survey conducted with over 3,000 participants, including both in-person and online engagements. According to him, the reforms garnered 100% approval among physical attendees, 92% approval from online participants, and 76% from individuals who followed updates passively. Overall, support for the reforms surpassed 90%.
The proposed reforms include over 200 provisions aimed at transforming Nigeria’s economy and fostering sustainable development. Oyedele stressed the importance of focusing on the broader benefits of the reforms, urging Nigerians not to let a few contentious provisions overshadow their potential impact.
The reform bills, submitted by President Bola Tinubu in September, include the Nigeria Tax Bill 2024, which establishes a unified framework for taxation; the Tax Administration Bill, designed to streamline tax dispute resolutions; the Nigeria Revenue Service Establishment Bill, which seeks to replace the current Federal Inland Revenue Service Act; and the Joint Revenue Board Establishment Bill, aimed at creating a tax tribunal and ombudsman.
Despite widespread support, state governors have opposed the reforms, calling for a pause to enable broader consultation. However, President Tinubu remains committed to advancing the bills to promote fiscal stability and economic growth. Oyedele called for constructive dialogue to address concerns without derailing the reform process.
