•Edun (3rd right) with members of the committee
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on behalf of the federal government, has inaugurated the National Tax Policy Implementation Committee (NTPIC).
A statement by the Ministry of Finance said the development marked a major step toward a modern, transparent, technology-driven tax system capable of strengthening Nigeria’s economic competitiveness.
Addressing members in Abuja and virtually, the minister said the recently passed tax legislation represents one of the most transformative updates to Nigeria’s tax framework in years, reports Channels TV.
He stressed that implementation will require disciplined coordination, nationwide consultation, and precise, confidence-building communication, especially for the private sector and financial markets.
Citing recent market volatility triggered by misinterpreted information, Edun noted: “Our communication must calm the markets, build confidence, and engender trust.”
He also reaffirmed the government’s commitment to due process: “Government cannot intrude into private bank accounts. Our focus is lawful, transparent reform.”
These reforms, he said, are central to President Bola Tinubu’s Renewed Hope Agenda and the Economic Management Team’s drive to stabilise the economy and improve the business environment.
In his first remarks as Chairman, Joseph Tegbe thanked the President and Minister for their confidence, pledging a balanced, private-sector-sensitive approach: “Tax reforms must never stifle enterprise or innovation. Our work will uphold the principles of equity, certainty, convenience, and competitiveness.”
The committee begins work immediately, with subcommittees and a December work plan to be issued as it moves to harmonise implementation, resolve administrative issues, and ensure a coherent rollout that strengthens trust, compliance, and long-term economic growth.
