President Bola Tinubu is firmly committed to breaking the cycle of excessive borrowing and the resulting debt burden on Nigeria’s limited government revenues. During the inauguration of the Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Taiwo Oyedele, he emphasized the need to enhance revenue and the business environment, aiming for an 18% Tax-to-GDP ratio within three years.
Tinubu, as conveyed by his Special Adviser on Media & Publicity, Ajuri Ngelale, outlined the Committee’s one-year mandate, focusing on fiscal governance, tax reforms, and growth facilitation.
He urged all government ministries and departments to collaborate fully with the committee to achieve its goals.
Tinubu highlighted the importance of the assignment, recognizing the high expectations citizens have for their government to improve their lives. He underlined the responsibility that comes with the mandate, stating, “To whom much is given, much is expected.”