RMAFC Affirms Support for President Tinubu’s Tax Reform Bills

Maryam Aminu

…Refutes Misleading Media Reports as False and Malicious

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has categorically denied allegations that it opposes President Bola Ahmed Tinubu’s proposed tax reform bills, describing such claims as “grossly misleading, false, and malicious.”

Addressing journalists at a press briefing held today in Abuja, the Chairman of the Commission, Dr. Mohammed Bello Shehu, OFR, stated that the RMAFC is fully aligned with the President’s vision to create an equitable and sustainable fiscal framework.

He underscored the importance of the proposed tax reforms in addressing Nigeria’s revenue challenges and enhancing the nation’s fiscal performance.

“We applaud President Tinubu’s unwavering commitment to repositioning Nigeria’s revenue base through bold initiatives,” Dr. Shehu said.

“The proposed tax reform bills are pivotal in integrating untapped revenue sources, improving the revenue-to-GDP ratio, and elevating Nigeria’s fiscal performance on the global stage.”

Dr. Shehu highlighted the Commission’s proactive involvement in the reform process, including the submission of a comprehensive memorandum emphasizing global best practices.

He reassured Nigerians that RMAFC’s contributions align seamlessly with the President’s vision for a robust fiscal policy.

He acknowledged the ongoing debates surrounding Value Added Tax (VAT) allocation and derivation but emphasized the need for constructive dialogue guided by facts.

“As a responsible institution, we remain committed to working closely with stakeholders to ensure these reforms are effective and beneficial for all Nigerians,” he noted.

Dr. Shehu condemned the dissemination of falsehoods, urging Nigerians to disregard baseless reports.

He called on media outlets to uphold ethical journalism and promote factual, constructive discussions.

“It is disheartening that despite our explicit support for these reforms, some individuals choose to spread false narratives. These actions can undermine the efforts of patriotic Nigerians working to support the President’s transformative vision,” he stated.

The Chairman assured stakeholders that the proposed tax reforms are designed to promote fiscal equity, curb tax evasion, and enhance revenue generation.

While acknowledging concerns about potential impacts on businesses and individuals, Dr. Shehu reaffirmed the Commission’s commitment to addressing these issues through consultations and expert input.

“As a critical stakeholder in Nigeria’s fiscal framework, the Commission is dedicated to ensuring these reforms are robust, effective, and aligned with global standards,” Dr. Shehu added.

Dr. Shehu called on Nigerians to rally behind President Tinubu’s bold fiscal reforms, emphasizing the need for national support at this critical juncture.

“At this critical time, the President needs the support of all Nigerians. Let us join hands to realize his vision for a more prosperous Nigeria,” he concluded.

The RMAFC reiterated its commitment to professionalism, transparency, and constructive engagement as Nigeria embarks on this transformative fiscal journey.