Sunday 12 May 2024

Our tax reforms aren’t to frustrate Nigerians but to create an administrative system — VP Kashim Shettima

According to Vice President Kashim Shettima, President Bola Tinubu's tax reforms in Nigeria are intended to make the system better for the general good of all Nigerians.

He made it known that "We are not here to frustrate any sector of our economy, but to create an administrative system that ensures the benefits of a thriving tax system for all of our citizens," he declared, defying rumors in certain places.

At the Presidential Fiscal Policy and Tax Reforms Committee's close-out retreat on Saturday at the Transcorp Hilton in Abuja, the Vice President gave a speech. The Vice President was represented by Aliyu Moddibo Umar, the Office of the Vice President's Special Adviser to the President on General Duties.

The Vice President clarified the main points of the Tinubu administration's tax reforms in a statement released by his spokesperson, Stanley Nkwocha. He noted that the administration was forced to halt and reevaluate its course due to the unique circumstances surrounding the country's finances.

"Our goal is still to revitalize Nigeria's revenue generation while maintaining an environment that attracts investment and is globally competitive," he stated. The Vice President underscored the importance of the task at hand, stating that "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," even as she expressed confidence in the committee's ability to fulfill its mandate.

"We will provide the institutional framework to guarantee the adoption of this committee's consensuses, aligning them with our economic agenda. I am confident that the federal and state governments stand ready to ensure the effective implementation of your reform proposals," he continued.

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