Tax Reforms Not Aimed At Frustrating Any Sector – Shettima

Vice President Kashim Shettima has said Nigeria’s tax reforms under the administration of President Bola Ahmed Tinubu is targeted at improving the system for the overall benefit of all Nigerians.

According to him, contrary to speculations in some quarters, government is not out to frustrate any sector of the economy but to create an administrative system that ensures the benefits of a thriving tax system for all our citizens.

In a statement by his spokesman, Stanley Nwocha, the vice president, represented by the special adviser to the president on general duties (office of the vice president), Dr Aliyu Moddibo Umar, spoke yesterday at the close-out retreat of the Presidential Fiscal Policy and Tax Reforms Committee held in Abuja.
Senator Shettima said the the dynamics of the nation’s fiscal landscape prompted the Tinubu administration to reconsider the direction it was going.

“Our aim remains the revitalisation of revenue generation in Nigeria while sustaining an investment-friendly and globally competitive business environment,” he said.

While expressing confidence in the ability of the committee to deliver on the mandate, the vice president emphasized the significance of the task ahead, adding; “We are gathered today because we are transitioning from the phase of proposal in the operations of this committee’s work to the phase of implementation.

“I am confident that both the federal and state governments stand ready to ensure the effective implementation of your reform proposals, and we shall provide the institutional framework to guarantee the adoption of the consensuses of this committee, aligning them with our economic agenda.”