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Tinubu sets up tax reforms committee, appoints Oyedele chairman

Published

3 years ago

July 7, 2023

556 Views

President Bola Tinubu on Friday approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms.

He appointed the Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers, Mr. Taiwo Oyedele, as committee chairman.

Friday’s development comes barely 24 hours after the President signed four Executive Orders, suspending the five per cent excise tax on telecommunication services and the excise duties escalation on locally-manufactured vehicles.

The committee “Will comprise experts from both the private and public sectors and have responsibility for the various aspects of tax law reform, fiscal policy design and coordination, harmonisation of taxes, and revenue administration,” a statement signed by Tinubu’s Special Adviser on Special Duties, Communication and Strategy, Dele Alake, read on Friday.

According to the statement titled ‘President Tinubu sets up committee on tax reforms,’ the committee’s primary objective is to enhance revenue collection efficiency and ensure transparent reporting.

It will also promote the effective utilisation of tax and other revenues to boost citizens’ tax morale, foster a healthy tax culture, and drive voluntary compliance.

Alake cited earlier remarks by the Special Adviser to the President on Revenue, Mr Zaccheus Adedeji, who explained that Tinubu recognises the importance of a sound fiscal policy environment and an effective taxation system for the functioning of the government and the economy.

According to Adedeji, “Nigeria ranks very low on the global ease of paying taxes while the country’s Tax to GDP ratio is one of the lowest in the world and well below the African average.

“This has led to an overreliance on borrowing to finance public spending, which in turn limits the fiscal space as debt service costs consume a greater portion of government revenue, annually resulting in a vicious cycle of inadequate funding for socio-economic development.

“While some incremental progress has been recorded over the years, the outcomes have not been transformative enough to change the narrative,” he said.

Adedeji outlined the key challenges in Nigeria’s tax system, including multiple taxes and revenue collection agencies, fragmented and complex tax system, low tax morale, high prevalence of tax evasion, high cost of revenue administration, lack of coordination between fiscal and economic policies, and poor accountability in the utilisation of tax revenue.

Adedeji explained that the administration hopes to transform the tax system to support sustainable development and achieve a minimum of 18 per cent Tax to GDP ratio within three years without stifling investment or economic growth.

“It should be noted that this committee will not only advise the government on necessary reforms but will also drive the implementation of such recommendations in support of the comprehensive fiscal policy and tax reform agenda of the current administration,” the SA on Revenue added.

Oyedele, who chairs the committee, is the Thematic Lead for the Fiscal Policy & Planning Commission and Chairman of the West Africa Debt Management Roundtable of the Nigerian Economic Summit Group.

He also heads the Taxation & Fiscal Policy Faculty Board of the Institute of Chartered Accountants of Nigeria and is a member of the Nigerian Taxation Standards Board.

Oyedele serves as a member of the Ministerial Committee on implementing Nigeria’s National Tax Policy. He is a member of the Global Tax Forum and has previously served as a member of the Global Governing Council of the Association of Chartered Certified Accountants.

Oyedele, an Associate Professor at the Babcock University Business School, is an alumnus of the London School of Economics & Political Science, Yale University, and Harvard Kennedy School Executive Education.

He is also a guest lecturer at the Lagos Business School and the Founder and President of Impact Africa Foundation.

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Senate confirms Vanguard’s Editor, Eze Anaba For National Human Rights Commission Board

President Bola Tinubu had in April written to the Senate, seeking the screening and confirmation of the nominees as part of efforts to strengthen the country’s human rights protection framework.

Published

3 hours ago

October 28, 2026

OCHEFA

18 Views

The Senate on Wednesday confirmed the appointment of the President of the Nigeria Guild of Editors (NGE) and Editor of Vanguard Newspapers, Eze Anaba, and 15 other nominees to the governing board of the National Human Rights Commission (NHRC).

The NHRC is mandated to promote and protect human rights, investigate alleged violations and encourage compliance with national and international human rights standards.

The confirmation followed the consideration of a report presented today by the Chairman of the Senate Committee on Judiciary, Human Rights and Legal Matters, Senator Adeniyi Adegbonmire (SAN, APC, Ondo Central).

The Senate also confirmed Dr Salamatu Hussaina Suleiman as chairman of the board and Dr Anthony Ojukwu (SAN) as Executive Secretary.

Other confirmed nominees are Mrs Roseline Tasha, Ambassador Adam Yubak Baku, ACG Felix Lawrence, Edmund Chinonye, Chinonye Obiaku (SAN), Oluwakemi Asiwaju Okere-Odo, Professor Adedeji Ogunji, Kingsley Chidozie, Mohammed Adelodu, Maupe Ogun Yusuf, Otunba Francis Meshioye, Patience Patrick Udoh and Hawwa Ibrahim.

President Bola Tinubu had in April written to the Senate, seeking the screening and confirmation of the nominees as part of efforts to strengthen the country’s human rights protection framework.

The letter was read on the floor of the Senate by the President of the Senate, Senator Godswill Akpabio.

In the letter, Tinubu sought the reconstitution of the commission’s governing board in line with statutory provisions.

The President said the nominations were made pursuant to Section 2(3) of the National Human Rights Commission (Establishment) Act, 2010, which empowers him to constitute the board, subject to Senate confirmation.

The nominees were drawn from diverse professional backgrounds, including the media and legal sectors.

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MultiChoice Says Subscribers To Now Choose From Four DStv, GOtv Packages

Under the new structures scheduled to take effect on November 5, 2026, DStv subscribers will choose from four packages: Starter, Select, Sports and Premium, while GOtv customers will have Easy, Starter, Select and Sports.

Published

6 hours ago

October 28, 2026

OCHEFA

27 Views

Lagos| Pic: Chief Executive Officer of MultiChoice Nigeria, Kemi Omotosho, flank by other executives after the press briefing held at the company’s headquarters in Victoria Island, Lagos.

MultiChoice Nigeria, a CANAL+ company, has structured it’s DStv and GOtv channels saying that they are aimed at giving subscribers more choice and better value through packages tailored to their viewing preferences.

The announcement was made at a press briefing held at the company’s headquarters in Victoria Island, Lagos, where executives outlined

Chief Executive Officer of MultiChoice Nigeria, Kemi Omotosho, said that the restructuring forms part of CANAL+’s broader strategy to develop a more unified, customer-focused portfolio following MultiChoice’s integration into the group.

Omotosho emphasised that the changes were driven by customer feedback and shifts in how audiences consume entertainment across television sets, smartphones, tablets and laptops.

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Leadership Names Obaigbena, Rabiu Persons of Year 2026

According to Leadership, the duo are being honoured for “building influential institutions, nurturing talent, challenging convention, and breaking new ground” in their respective fields.

Published

7 hours ago

October 28, 2026

OCHEFA

25 Views

Lagos |Pic: Presentation of Leadership Newspapers Person of the Year 2026 to Prince Nduka Obaigben, at the Ikoyi Offices of Arise News Channel in Lagos. In picture at the event were: Ombudsman, Kayode Komolafe; Leadership Newspapers Vice Chairman & Editor in Chief, Azu Ishiekwene; Leadership Newspapers Chairman, Mrs Zainab Sam Nda Isaiah; THISDAY Managing Director, Eniola Bello and Arise News Director of Politics, Akin Osuntokun.

Leadership Newspapers has named the Chairman of THISDAY Group and founder of Arise News, Prince Nduka Obaigbena, and the Chairman of BUA Group, Abdul Samad Rabiu, as its Persons of the Year 2026.

The newspaper announced the recognition, while citing the businessmen’s contributions to institution-building, talent development, innovation, investment, job creation and philanthropy.

According to Leadership, the duo are being honoured for “building influential institutions, nurturing talent, challenging convention, and breaking new ground” in their respective fields.