Vice President Kashim Shettima has reaffirmed Nigeria's commitment to tax reforms under President Bola Tinubu's administration, emphasizing their aim to enhance the nation's fiscal system for the collective benefit of all citizens.
Addressing stakeholders at the close-out retreat of the Presidential Fiscal Policy and Tax Reforms Committee, Vice President Shettima, represented by Aliyu Moddibo Umar, the Special Adviser to the President on General Duties, clarified the objectives of the tax reforms. He dispelled speculations suggesting any intention to hinder economic sectors, asserting the administration's goal to create an efficient tax regime that promotes prosperity for all.
Shettima highlighted the rationale behind the Tinubu administration's recalibration of tax policies, emphasizing the need to adapt to the evolving dynamics of Nigeria's fiscal landscape. He underscored the administration's commitment to revitalizing revenue generation while fostering an investment-friendly business environment conducive to global competitiveness.
As the committee transitions from proposal to implementation phase, Vice President Shettima expressed confidence in its ability to deliver on its mandate. He stressed the crucial role of both federal and state governments in facilitating the effective execution of reform proposals, affirming the commitment to aligning them with the nation's economic agenda.
With these reforms, Nigeria charts a course toward sustainable economic growth and development, ensuring that tax policies contribute to the nation's prosperity while fostering a conducive environment for investment and business expansion.
0 Comments