By Tony Obiechina, Abuja
Minister of Finance and the Co-ordinating Minister of the Economy, Mr. Wale Edun has assured Nigerians that better days are ahead with the implementation of the Renewed Hope Agenda of President Bola Ahmed Tinubu.
Mr Edun who stated this at a two-day retreat of the Presidential Committee on Fiscal Policy and Tax Reforms in Abuja, said it is the wish of Mr. President to create jobs, reduce poverty, control micro and macro economic policies to create stable environment to attract investors, stabilize the exchange rate and drive the economy to reduce poverty to the lowest level.
He added that though removal of fuel subsidy has slowed down the economy , however, there are interventions put in place to cushion the pains of the reform and correct leakages on subsidy.
He promised that the era of our GDP per capital fallen by 30% over the past 10years will be a thing of the past with the President’s Renewed Hope Agenda.He also assured that the issue of hyper inflation in the nation’s economy would soon be a thing of the past.
The Minister reminded the committee members of the President’s 30 days deadline to deliver something tangible on their assignment, adding that the economy was not growing fast as expected.
He enjoined the committee to fast tract it’s assignment as there was no time to waste.
He also thanked members of the Presidential Committee on Fiscal Policy and Tax Reforms who are determined, committed and courageous to carry out their assignment which will be of benefit to Nigerians.
In his remarks,the Chairman of the Committee on Fiscal Policy and Tax Reforms, Mr.Taiwo Oyedele thanked the Minister for his words of encouragement.
He disclosed that the Terms of Reference of their committee are:Fiscal Governance, Revenue Administration and Tax Policy Review. READ ALSO:
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The Chairman highlighted the deliverables from the committee which include: optimum taxes; harmonised revenue collection functions; a revised national tax policy; national fiscal framework; preparation of bills for constitutional amendment; revenue optimisation; production of a model template for sub-nationals and establishment of the national tax amnesty scheme.
Membership of the committee cuts across both public and private sectors.
Present at the event included, Mr Zachaeus Adedeji, Special Adviser to Mr.President on Revenue, Mr . Wale Akinterinwa, Chairman Committee of Finance Commissioners of Nigeria, Mr.Muhammad Nami, the Chairman of Federal Inland Revenue Service among others.
