Tax reforms committee to spend N5bn on operations — Chairman
Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele has revealed that the committee will spend billions on its operations.
Mr Oyedele in a statement posted on his X (formerly Twitter) page on Friday, Oyedele noted that the contentious N5 billion given to the Joint Tax Board by the Federal Inland Revenue was to cover the committee’s budget.
Recall that the immediate past executive chairman of FIRS, Muhammad Nami while reacting to an allegation of fund appropriation, had disclosed on Thursday that the service paid the said sum to the JTB after its approval by the presidency.
While giving the breakdown of the committee’s budget, Oyedele disclosed the money will be used to fund the national ‘Data for Tax project’ which he said was important to the effective reform of the country’s tax system.
The statement reads in part, of the Committee’s budget includes provisions for a national “Data for Tax” project which the JTB has been championing for over 2 years. The project was presented to the National Economic Council in 2022 and was meant to be funded by the federal government and the 36 states.
However, it stalled due to lack of funds. Given the importance of the project to the effective reform of our tax system, it was included in the Committee’s budget.
