RMAFC Denies Opposing Tinubu’s Tax Reform Bills
By Patience Ikpeme
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has strongly refuted media reports alleging its opposition to President Bola Ahmed Tinubu’s proposed tax reform bills.
Addressing a press briefing in Abuja on Tuesday, December 10, 2024, the Commission’s Chairman, Dr. Mohammed Bello Shehu, described the reports as “grossly misleading, false, and malicious.”
Dr. Shehu clarified that the RMAFC has been an active participant in the reform process and aligns fully with President Tinubu’s vision for creating an equitable and sustainable fiscal framework for Nigeria.
“We applaud President Tinubu’s strong commitment to repositioning Nigeria’s revenue base through bold initiatives. The proposed tax reform bills are a significant step towards integrating untapped revenue sources, enhancing Nigeria’s revenue-to-GDP ratio, and positioning the country favorably among nations with high fiscal performance,” Dr. Shehu said.
While the Value Added Tax (VAT) allocation and derivation debate has sparked public discourse, Dr. Shehu reassured Nigerians of the RMAFC’s proactive involvement to ensure that global best practices guide the reform process.
“As a responsible and patriotic institution, we have submitted a comprehensive memorandum emphasizing adherence to global best practices. This position aligns seamlessly with Mr. President’s vision,” he stated.
Dr. Shehu condemned the spread of misinformation, stressing that the RMAFC has never opposed the bills. Instead, it has provided professional advice to refine the legislation.
“It is disheartening to note that, despite our explicit support for the proposed legislation, some individuals have chosen to peddle falsehoods for reasons best known to them. These inaccurate statements can undermine the ongoing efforts of patriotic Nigerians tirelessly working to support the President’s vision for the country,” Dr. Shehu remarked.
The RMAFC Chairman highlighted that the proposed tax reform bills are undergoing consultations, with expert bodies providing inputs. He cautioned against misinterpreting professional advice during this process.
“The Commission is a critical stakeholder in Nigeria’s fiscal framework, and we take our responsibility to provide expert advice seriously. We have been working closely with the National Assembly to ensure the proposed legislation is robust, effective, and aligned with global best practices,” Dr. Shehu explained.
He emphasized that the reforms aim to promote fiscal equity, reduce tax evasion, and increase revenue generation, aligning with the Commission’s mandate.
Acknowledging concerns about potential impacts on businesses and individuals, Dr. Shehu assured stakeholders of the Commission’s commitment to addressing these issues through constructive engagement.
“We understand the concerns raised by various stakeholders, and we are committed to ensuring that these reforms are implemented in a way that balances revenue generation with economic stability,” he said.
Dr. Shehu called on Nigerians to support President Tinubu’s fiscal reforms, emphasizing the importance of relying on factual information to avoid unnecessary controversies.
“At this critical juncture, the President needs the support of all Nigerians. Let us work together to support his vision for a more prosperous Nigeria,” he concluded.
The RMAFC also urged the media to uphold ethical standards and avoid spreading misinformation, which could derail efforts to strengthen Nigeria’s fiscal framework.
“The media must play its role in promoting factual and constructive dialogue for the collective good of the nation,” Dr. Shehu stated.
The RMAFC reiterated its commitment to supporting the President’s vision and working collaboratively with all stakeholders to create a more sustainable and equitable fiscal future for Nigeria.
