Index to Nigerian Newspapers

President Bola Tinubu has set a 30-day tax reform target and aims to break the cycle of overreliance on borrowing for public spending and debt servicing. He inaugurated the Presidential Committee on Fiscal Policy and Tax Reforms, chaired by Taiwo Oyedele, in Abuja. The committee aims to transform the tax system for sustainable development and achieve a minimum 18% tax-to-GDP ratio within three years. The committee is expected to deliver quick reforms within 30 days, with critical measures recommended within six months and full implementation within one calendar year. Tinubu urged the committee to improve Nigeria's revenue profile and business environment, directing it to achieve its one-year mandate in fiscal governance, tax reforms, and growth facilitation. He directed government ministries and departments to cooperate fully with the committee, stressing that failure would be an excuse for failure. The committee members, drawn from public and private sectors, are accomplished individuals with a proven track record in revenue transformation.