…Vows to end Nigerias over-reliance on loans
President Bola Tinubu has pledged to end the countrys over-reliance on borrowing to finance public spending.
The President made the pledge yesterday, when he inaugurated a committee to reform Nigerias tax laws and fiscal policies.
The committee, which is chaired by tax and fiscal policy expert Taiwo Oyedele, will be responsible for identifying ways to increase tax revenue, improve tax administration, and harmonise Nigerias tax laws.
Speaking at the inauguration, Tinubu said the committee is in line with his promise to remove all barriers impeding business growth in Nigeria.
Tinubu said he is determined to end this cycle and that the committee will play a key role in achieving this goal. As President, I am determined to end this cycle, he stated.
Special Adviser to the President on Revenue, Zacchaeus Adedeji, said the inauguration of the committee would give it the opportunity to further engage with various stakeholders to identify their pains and critical concerns bothering on tax and fiscal policies, as well as collectively develop the solutions necessary to address the challenges in a holistic manner.
