Oyedele: Tax Reforms Are Critical for Nigeria’s Development, Opponents Should Discuss Issues

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has reiterated the importance of nationwide consultations regarding the proposed tax reforms, even as some northern governors continue to oppose the changes.

In an interview with Arise Television on Sunday, Oyedele countered claims that the committee had failed to engage stakeholders, particularly governors, on the matter. He revealed that despite efforts, four scheduled meetings with the governors’ forums were canceled. However, other consultations were held with various state officials and sector representatives.

“We had more than 20 government institutions represented. We had the private sector, including manufacturers and women in business. We also engaged with 45 students from 22 universities across Nigeria,” Oyedele explained.

The committee had also sought to engage with state governors, reaching out to six governors from different geopolitical zones. However, he noted that only the Lagos State governor was available for a meeting.

In addition, Oyedele highlighted efforts to reach out to diverse groups, including Muslim clerics and the League of Northern Democrats, to address concerns and clarify the reforms’ impact. “We had an interesting meeting with over 120 Ulamas, mostly from the north. We had to explain the reforms, and by the end, many of them prayed for our work after clarifying previous misinformation,” he said.

The proposed tax reforms, including the Value Added Tax (VAT) bill, have been met with resistance from some northern governors, who argue that they could negatively affect their states’ revenues. However, Oyedele emphasized the importance of creating a fair and efficient tax system for the country’s development.

“What they are disagreeing with are one or two aspects of the reform. So why would the solution be to withdraw four transformative bills? Why not discuss those specific issues and then present them to the lawmakers for a final decision?” Oyedele argued.

He further assured that the committee remains committed to addressing concerns and continuing discussions with stakeholders to ensure a smooth and successful rollout of the reforms.

In a counterpoint, northern elder statesman Buba Galadima, appearing on the same program, criticized the bills, claiming they were more beneficial to Ogun and Lagos states. He also alleged that the committee had failed to consult adequately with other governors, particularly in the northern states. Galadima added that some committee members distanced themselves from the report, claiming they were not adequately involved in decisions regarding the bills.