The Revenue Mobilisation Allocation and Fiscal Commission has expressed its full support for the tax reform bills proposed by President Bola Tinubu, which are currently before the National Assembly.
RMAFC Chairman, Dr. Mohammed Shehu, who briefed journalists in Abuja, dismissed the allegations of opposing the bills as “false” and “malicious.”
The commission rejected recent claims suggesting opposition to the bills, describing them as false and misleading.
RMAFC emphasized its active participation in the reform process, affirming that its goals align with President Tinubu’s vision for overhauling Nigeria’s fiscal system.
The commission commended the president’s commitment to addressing the country’s revenue challenges and improving its fiscal framework.
The commission highlighted its submission of a comprehensive memorandum outlining its position, which supports both global best practices and the president’s objective of creating a more sustainable and equitable fiscal framework for the country, according to Channels TV.
The proposed reforms are seen as a key step towards tapping into untapped revenue sources, improving Nigeria’s revenue-to-GDP ratio, and enhancing the country’s position in global fiscal performance rankings.
RMAFC also expressed disappointment over the spread of inaccurate reports and urged the public to disregard misinformation. The commission called on the media to uphold high journalistic standards to prevent the undermining of the nation’s ongoing fiscal reforms.
The RMAFC reiterated its unwavering support for the tax reform process, stressing its commitment to providing expert guidance and assisting the government in achieving its fiscal policy objectives. The commission reaffirmed its role as a critical stakeholder in Nigeria’s fiscal structure, tasked with ensuring a fair revenue-sharing formula among the three tiers of government. In collaboration with the National Assembly, RMAFC continues to provide technical input to ensure the proposed tax reforms are robust and effective.
“The proposed tax reform bills are a significant step towards integrating untapped revenue sources, enhancing Nigeria’s revenue-to-GDP ratio, and positioning the country favourably among nations with high fiscal performance,” Shehu said.
He continued, ” Once again, we reiterate our total support for the tax reform, which aligns with our goal of helping the President in his ongoing fiscal reforms. We acknowledge our responsibility to provide professional guidance whenever necessary and pledge to continue working tirelessly to support the President’s vision for a more prosperous Nigeria.
“It is important to recognize that the RMAFC is a critical stakeholder in Nigeria’s fiscal framework. Our mandate is to ensure an equitable revenue-sharing formula among the three tiers of government. We take this responsibility seriously and are committed to providing expert advice to support the government’s fiscal policy objectives.
“In this regard, we have been working closely with the National Assembly to provide technical input on the proposed tax reform bills. Our goal is to ensure that the legislation is robust, effective, and aligns with global best practices.”
