President Tinubu sets 30-day tax reform target, UI student makes panel
President Bola Tinubu, has set a 30-day tax reform target. He also expressed his resolve to break the vicious cycle of overreliance on borrowing for public spending, and the resultant burden of debt servicing.
The president spoke, while inaugurating the presidential committee on fiscal policy and tax reforms, chaired by taiwooyedele, in abuja on tuesday. A 400-level economics student of the university of ibadan, orireagbaje, was appointed by the president as a member of the presidential committee on fiscal policy and tax reforms.
Tinubu said, “our aim is to transform the tax system to support sustainable development while achieving a minimum of 18 per cent tax-to-gdp ratio within the next three years. Tinubu urged the committee to improve the country’s revenue profile and business environment, as the federal government moved to achieve 18 per cent tax-to-gdp ratio within three years. He directed the committee to achieve its one-year mandate, which was divided into three main areas: fiscal governance, tax reforms, and growth facilitation.
