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President Bola Ahmed Tinubu has authorized the establishment of the National Tax Policy Implementation Committee (NTPIC) to facilitate the effective execution of his administration's recently enacted tax reforms.

In an announcement from the Presidency, it was revealed that the committee will be led by seasoned financial expert Joseph Tegbe, who is a Fellow of both the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Taxation of Nigeria (CITN).

Additionally, Mrs. Sanyade Okoli, the Special Adviser to the President on Finance and Economy, will act as the secretary of the committee.

Other members include Ismaeel Ahmed, Rukaiya El-Rufai, and several other experienced professionals. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, will oversee the committee's activities.

According to the Presidency, the NTPIC is tasked with conducting extensive consultations with stakeholders from both the public and private sectors to ensure comprehensive input in the implementation process.

President Tinubu emphasized that the formation of the committee highlights his administration's dedication to creating a fair, transparent, and technology-driven tax system that fosters economic growth while safeguarding both citizens and businesses.

“These new Tax Acts demonstrate our commitment to enhancing public finance management and bolstering investor confidence. The committee will ensure coherent and effective implementation at all levels of government,” he remarked.

Finance Minister Wale Edun characterized this initiative as a pivotal move towards reforming Nigeria's fiscal framework, noting that the President has provided “the authority and support necessary to not only reset the tax system but also the entire fiscal policy landscape to stimulate substantial economic growth.”

Committee chairman Tegbe assured that the team would diligently collaborate with stakeholders to cultivate public trust and guarantee smooth implementation.

It is worth noting that the President announced this initiative in June 2025, with implementation set to commence in January 2026.

Frequently Asked Questions

What is the purpose of the National Tax Policy Implementation Committee (NTPIC)?

The NTPIC is established to ensure the effective implementation of the newly enacted tax reforms by facilitating consultations with public and private sector stakeholders.

Who will chair the NTPIC?

The committee will be chaired by Joseph Tegbe, a veteran financial expert and Fellow of both ICAN and CITN.

When is the implementation of the new tax reforms scheduled to begin?

The implementation of the new tax reforms is scheduled to begin in January 2026.

Eze Chidiebere Paul

Eze Chidiebere Paul

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