• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, July 19, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Tinubu receives ‘quick win report’ on fiscal policy, tax reforms

Taxes

The Matters Press by The Matters Press
October 25, 2023
Reading Time: 2 mins read
0
FIRS deploys tech platform for tax collection

Abuja, Oct. 25, 2023: President Bola Tinubu on Tuesday, received the ‘Quick Win Report’ on fiscal policy and tax reforms from the Committee tasked with improving the nation’s revenue profile and business environment.

RELATED POSTS

Befitting honour for former President Buhari commendable – TMSG

17-member committee for burial of Buhari

Lagos falls flat to APC

The report was presented to the president at the presidential villa in Abuja by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele.

Receiving the report, the president commended the team work and assured them of his support for the review and implementation of key recommendations.

”I have listened attentively to your report. Charting the critical path forward for Nigeria’s economic recovery is crucial to all of us. I want to say thank you to your team,”he said.

The president granted the request of the committee to address a meeting of the Federal Executive Council (FEC) and appraised cabinet members of their work and expected outcomes to facilitate economic growth.

The president directed Ms Hadiza Usman, Special Adviser on Policy Coordination, to coordinate relevant government officials for the session.

The acting Chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, pledged to ensure the implementation of the recommendations of the committee, as they may apply, pending the approval of the President.

Adedeji declared that beyond supporting the fiscal and tax reforms, the FIRS would explore opportunities to diversify the nation’s revenue sources, as the historical over reliance on oil has made the economy vulnerable.

”Nigeria’s fiscal policy serves as the foundation of economic stability. It dictates how government collects, manages and allocates resources for the betterment of our people.

“A well-developed fiscal policy is crucial for provision of infrastructure, healthcare, education and social services to our growing population. Tax reforms are an integral part of a robust fiscal policy.

‘”While our current tax system has contributed significantly to our revenue, there remains room for further enhancement that can be driven with digital technology.

“To achieve this, we are collaborating with the Presidential Committee to streamline our tax laws, improve voluntary compliance, and expand the tax base to ensure equity and fairness.”

In his prayers to the President, Mr. Oyedele, among others, called for an emergency economic intervention bill (Executive Bill).

He also called for the issuance of Presidential Executive Orders to address the duplication of functions across the public service.

“And to ensure prudent public financial management in a bid to optimise value from government assets and natural resources.”

Tags: Taxes
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Befitting honour for former President Buhari commendable – TMSG

July 17, 2025
Buhari attends inauguration of Barrow of Gambia
Entertainment/sports

17-member committee for burial of Buhari

July 14, 2025
Lagos falls flat to APC
Economy/Technology

Lagos falls flat to APC

July 13, 2025
African intellectuals release letter to world, caution continent on selfness
Economy/Technology

Nigeria celebrates Soyinka at 91

July 13, 2025
China introduces new visa
Economy/Technology

Nigeria maintains issuance of 5-year visa to Americans

July 13, 2025
ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP
Energy

ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP

July 10, 2025
Next Post
China’s trade surplus with U.S dips

Fiscal policy panel to remove impediments to businesses, trade

Nigerian firms to handle $4b gas project

Probe into N11.35trn turnaround maintenance on refineries begins

Recommended Stories

Trading in Nigerian stock market dips further N83bn

NGX extends gain, index rises further by 0.54%

January 13, 2024
IMF’s reasons for Nigeria’s economic recovery

Economist lauds IMF’s decision on global CBDC

June 24, 2023
Nigeria to promote digital innovation, entrepreneurship – Pantami

Digital marketing experts task SMEs on leveraging social media for growth

February 17, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Befitting honour for former President Buhari commendable – TMSG
  • 17-member committee for burial of Buhari
  • Lagos falls flat to APC

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us