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Tax Policy Implementation Committee Begins Stakeholder Engagements On New Law

Chika Izuora by Chika Izuora
5 months ago
in Business
Tax
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The National Tax Policy Implementation Committee (NTPIC), chaired by Joseph Tegbe, has commenced structured stakeholder engagements to ensure a humane, inclusive, and well-coordinated implementation of the new Tax Acts, as the country undertakes significant fiscal reforms.

The Committee aims to bridge the gap between policy intent and execution by promoting clarity, managing expectations, and ensuring that implementation reflects the realities of businesses, citizens, and all levels of government, working closely with the Nigeria Revenue Service (NRS) and the Presidential Fiscal Policy Reform Committee (PFPRC).

As part of its initial consultations, the Committee leadership team met with the Presidential Fiscal Policy Reform Committee (FPRC), led by Taiwo Oyedele, to ensure alignment between reform objectives and practical implementation realities.

Oyedele highlighted challenges arising from misinformation about certain provisions of the law, noting that some provisions had been misinterpreted in public discussions.

He added that targeted and accessible communication initiatives are being developed to address these gaps, with stakeholder feedback playing a key role in shaping the reform process.

In a separate engagement with the executive chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, NTPIC focused on harmonising implementation priorities and strengthening institutional coordination.

The Committee outlined its ongoing activities and implementation roadmap

Dr Adedeji commended NTPIC’s proactive approach, describing the new tax laws as a significant development in Nigeria’s fiscal framework.

He noted that while new policies may take time to gain full public acceptance, a transparent, well-sequenced, and education-driven implementation process will gradually build confidence and trust.

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In conclusion, NTPIC emphasises that effective tax reform depends not only on legal and technical design but also on effective communication and stakeholder engagement.Tegbe stressed that structured stakeholder engagement and consistent communication are central to the success of the reforms. He assured that consultations will continue with the National Economic Council, the Nigerian Governors’ Forum, Local Government Leaders, as well as traditional, religious, and community leaders.

He reiterated that the new tax Acts are designed to create a simpler, fairer, and more predictable tax system that fosters voluntary compliance, strengthens investor confidence, and supports sustainable economic growth.

The NTPIC Committee team also included the chairman of the Stakeholders Engagement Subcommittee, Barrister Ismael Ahmed and the chairman of the Technical Subcommittee,  Ajibola Olomola respectively.

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Chika Izuora

Chika Izuora

Chika Izuora is a journalist with Leadership Media Group with over two decades of mainstream journalism experience. A Mass Communication graduate and alumnus of Pan Atlantic University (PAU), he has built outstanding expertise in the oil and gas industry alongside a versatile career as a journalist and author.

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