Index to Nigerian Newspapers

President Bola Tinubu has  challenged Nigerians to be prepared to pay more tax as he expressed his administration’s commitment to break the cycle of over-reliance on borrowing for public spending that results in burden of debt servicing. 

Inaugurating the Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR) in Abuja, he charged the committee to improve the country’s revenue profile and business environment.

A key target set by the Federal Government is to achieve an 18 per cent Tax-to-GDP ratio within three years. 

He directed all government ministries and departments to cooperate fully with the committee towards achieving its mandate.

Tinubu said the committee has the responsibility of assisting the administration in meeting the high expectations of citizens to make their lives better. The birth of the committee is in tandem with President Tinubu’s commitment to eliminating obstacles that hinder business growth in Nigeria. The committee, constituted on July 7 is led by Taiwo Oyedele, a seasoned expert in fiscal policy and taxation from Price Waterhouse Coopers (PwC).