Tinubu Sets Up Tax Committee in Bid to Drive Nigeria Revenue

Nigerian President Bola Tinubu set up a panel to reform the country’s tax laws and fiscal policy in a bid to boost revenue generation and curb borrowings.

The committee to be headed by Taiwo Oyedele, fiscal policy partner and Africa tax leader at PricewaterhouseCoopers LLP, will work to “enhance revenue collection efficiency, ensure transparent reporting, and promote the effective utilization of tax and other revenues,” the president’s media office said in emailed statement on Friday.

The government plans to transform the tax system to support sustainable development and achieve a minimum tax to gross domestic product ratio of 18% within ...