Abuja: The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has expressed its profound appreciation to President Bola Tinubu for the recent signing of the tax reform bills and the commission's bill. Dr. Muhammed Shehu, Chairman of the commission, conveyed this commendation in Abuja, highlighting the significance of these legislative achievements.
According to News Agency of Nigeria, Shehu emphasized that the signing of these bills underscores the administration's dedication to enhancing transparency, accountability, and efficiency in revenue generation and allocation. The reforms are expected to lay the groundwork for sustainable economic growth and national development in Nigeria.
Shehu stated that the RMAFC is grateful to the President for taking bold and transformative steps in reforming Nigeria's fiscal landscape through these newly enacted tax reform bills and the RMAFC bill. The commission assures the President of its continued support and steadfast collaboration in implementing these comprehensive reforms.
The chairman remarked that the bills mark a significant milestone in the nation's ongoing efforts to improve revenue generation, reduce reliance on oil revenue, and promote economic diversification. By modernizing the tax framework, the legislation is anticipated to enhance compliance, broaden the tax base, and stimulate inclusive economic growth across all sectors.
Shehu acknowledged the efforts of the National Assembly members, notably the Senate President Godswill Akpabio and the Speaker of the House of Representatives Tajudeen Abbas. He also expressed appreciation for the Attorney General of the Federation, Chief Lateef Fagbemi, SAN, along with policymakers and stakeholders who collaborated to bring the reform to fruition.
He noted that by signing these bills into law, the President has demonstrated a strong commitment to the welfare of citizens and the nation's prosperity. The reforms are expected to bring relief to low-income earners who previously faced tax burdens despite their limited means.
Shehu concluded by commending the President for his visionary leadership and unwavering commitment to strengthening Nigeria's fiscal framework, as evidenced by the enactment of these bills.