The Chairman of Presidential Tax and Fiscal Policy Reform, Taiwo Oyedele, has spoken about the ongoing efforts to cut different taxes at the state and local government levels.
In an interview with Channels TV, Oyedele emphasized the importance of bringing all stakeholders on board, especially Area Boys, to avoid conflicts that could occur as a result of various tax suspensions.
He stated that area boys can be trained for tax collecting and paid salaries, with the skills gained from such training being beneficial to them.
He stated that “When you give people skills, some of them will on their own, move on from that job to something else, right? So, our strategy is let’s think about what’s best for our country and get all stakeholders to align.
“Maybe we need to train those area boys and touts, give them uniforms and then they’ll be the ones to ask you to show the evidence on your phone, right? And then they get paid a decent salary.”
Regarding updates on the Tax Reform Committee’s suggestions, Oyedele stated, “Fiscal policy matters are not as swift. So, if you make a monetary policy move today, you will see the results tomorrow. Fiscal matters can take some time, but I believe we could have moved more quickly.
“We presented our initial report in October, with numerous recommendations. More than 20 recommendations. As of now, around three of them have been fully implemented. The remaining ones are in various phases of implementation.”
He noted that the largest tool to implement our advice is the Emergency Economic Intervention Bill seeking which seeks to amend roughly 15 different laws and implement some very critical reforms that will help with price stability over inflation.
Regarding updates on the Tax Reform Committee’s suggestions, Oyedele stated, “Fiscal policy matters are not as swift. So, if you make a monetary policy move today, you will see the results tomorrow. Fiscal matters can take some time, but I believe we could have moved more quickly.
“We presented our initial report in October, with numerous recommendations. More than 20 recommendations. As of now, around three of them have been fully implemented. The remaining ones are in various phases of implementation.”
He noted that the largest tool to implement our advice is the Emergency Economic Intervention Bill seeking which seeks to amend roughly 15 different laws and implement some very critical reforms that will help with price stability over inflation.
“We want to try and prioritize this and send the bill to them and for them to also pass it as a matter of urgency. So the Nigerian people can begin to feel the positive impact sooner rather than later, you know.”
