President Bola Tinubu has taken a decisive step toward implementing Nigeria's new tax reforms by establishing the National Tax Policy Implementation Committee (NTPIC). This high-level committee will coordinate the rollout of the administration's recently passed tax legislation.
Committee Leadership and Composition
The newly formed committee will be chaired by Mr Joseph Tegbe, a distinguished professional with over 35 years of experience across both public and private sectors. Tegbe holds fellowships from both the Institute of Chartered Accountants of Nigeria (FCA) and the Chartered Institute of Taxation of Nigeria (FCIT), bringing substantial expertise from his previous role as Senior Partner and Head of Advisory Services at KPMG Africa.
Mrs Sanyade Okoli, Special Adviser to the President on Finance and Economy, will serve as Secretary, while other members include Ismaeel Ahmed and Rukaiya El-Rufai. The committee will operate under the supervision of the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun.
Strategic Mandate and Objectives
President Tinubu emphasized that effective implementation of the Tax Acts is crucial to Nigeria's economic transformation agenda. The President stated that these reforms are vital for strengthening public finance management and maintaining investor confidence in the Nigerian economy.
"These new Tax Acts reflect our administration's commitment to building a fair, transparent, and technology-driven tax system that supports economic growth while protecting the interests of citizens and businesses," Tinubu said.
The committee's comprehensive mandate includes:
- Conducting nationwide consultations with private sector stakeholders and professional bodies
- Engaging subnational governments to ensure coordinated implementation
- Launching public awareness campaigns to support smooth rollout of the laws
- Ensuring strong inter-agency coordination among revenue and regulatory institutions
- Harmonizing existing frameworks with new tax statutes
Expert Team Ready for Action
Committee Chairman Joseph Tegbe affirmed the team's readiness to begin work immediately. "We understand the strategic importance of these Tax Acts. Our committee will work closely with all stakeholders to support the Minister of Finance and Coordinating Minister of the Economy in ensuring seamless implementation and building public trust in the tax system," Tegbe stated.
Finance Minister Wale Edun highlighted the broader significance of the committee's establishment. "With the establishment of this committee, Mr President has not only set the direction but also provided the authority and support required to reset not just the tax system but the entire fiscal policy framework of government to deliver significant economic growth for the benefit of all Nigerians," Edun remarked.
According to Special Adviser on Information and Strategy, Bayo Onanuga, the NTPIC is expected to enhance revenue mobilization, reduce leakages, reinforce accountability, and strengthen the government's fiscal sustainability and development objectives.
The committee, comprising experts in tax administration, finance, law, civil society, and the private sector, is structured to deliver an inclusive and balanced approach to policy execution during this critical transition period.
