Tinubu Appoints Taiwo Oyedele to chair committee on tax reforms
By Patience Ikpeme
President Bola Tinubu has approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms.
The committee will be chaired by Mr. Taiwo Oyedele, a fiscal policy partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC).
The Committee will consist of experts from both the private and public sectors, its responsibilities will include tax law reform, fiscal policy design and coordination, harmonization of taxes, and revenue administration.
The President’s Special Adviser on Revenue, Mr. Adelabu Zacch Adedeji, emphasized the importance of a strong fiscal policy environment and an effective taxation system for the government and the economy.
Zacch Adedeji noted that Nigeria’s tax system faced challenges such as multiple taxes and revenue collection agencies, a fragmented and complex tax system, low tax morale, high prevalence of tax evasion, high cost of revenue administration, lack of coordination between fiscal and economic policies, and poor accountability in the utilization of tax revenue.
The establishment of this committee Adedeji said demonstrates President Tinubu’s commitment to addressing these challenges and implementing transformative reforms in fiscal policy and taxation.
The committee’s main objective is to improve revenue collection efficiency, ensure transparent reporting, and promote the effective utilization of tax and other revenues. These efforts will not only enhance Nigeria’s revenue profile but also create a favorable business environment that is globally competitive.
Mr. Oyedele, the committee’s chairman, is a highly accomplished professional with extensive expertise in fiscal policy, taxation, and economic matters.
He holds important positions in various organizations, including PwC as Africa tax leader; Thematic Lead for the Fiscal Policy & Planning Commission; Chairman of the West Africa Debt Management Roundtable of the Nigerian Economic Summit Group (NESG); and Chairman of the Taxation and Fiscal Policy Faculty Board of the Institute of Chartered Accountants of Nigeria (ICAN).
Oyedele is also a member of the Nigerian Taxation Standards Board and the Ministerial Committee on the implementation of Nigeria’s National Tax Policy.
In addition, he is an associate professor at the Babcock University Business School and a guest lecturer at the Lagos Business School.
He is an alumnus of the London School of Economics & Political Science, Yale University and Harvard Kennedy School Executive Education.
