Following the inauguration of Presidential Committee on Fiscal Policy and Tax Reforms by Tinubu, its Chairman, Mr. Taiwo Oyedele says the committee would repeal and rewrite tax laws that are frustrating Nigerians over the years.

At a dinner to celebrate his appointment, Oyedele said he was auspicious that his team would not disappoint Nigerians instead in the shortest time, Nigerians would see initiatives backed with actions to make them heave a sigh of relief regarding taxes.

“We are reduce people’s burden, set a framework for accountability, transparency and Judicious use of their taxes. Wwle shall focus on Sustainable Development Goals particularly No hunger, access to clean water, employment, quality of life and others.

“Our mandate is divided in three milestones. The first one is within the first 30 days, within this time, we aim to do the ‘Quick Wins” an action and decisions that does not require amending the Laws, we shall be looking at possibility of removing VAT from diesel to bring down the price, increase exemption on income tax and the likes so that people can breath a little”

Oyedele said the second milestone of his mandate falls within the next six months, where the team would reform and introduce policies that would make global companies to hire Nigerians who are in Nigeria, so one does not have to be in US, or anywhere in the world before one could earn in foreign currency.

“You can be in anywhere in the country even in your village so long as you have internet and knowledge to work. The world has opened up, we need to see millions of Nigerians working here and earn foreign currency.

“So that foreign exchange supply would increased, quality of life would improved and Income tax is increased. We want to rewrite the tax laws to be more simple, repeal frustrating tax and reduce the confusion.

He affirmed that the third milestone falls within one year framework- for full implementation, adding that there was room for extensive consultations to achieve the mandate. “We are carrying everyone along, students, farmers, Nigerians in diaspora, traders, people with disabilities, even the big investors.

“These milestones run concurrently. Everything initiative is backed with actions because we can’t afford to fail Nigerians. We were chosen based on clean track records of competency. By this time next year people should look back and say, it worth the while. I’m very sure we will succeed. We’re looking for solutions, and we want to be part of that solution, we want Nigerians to support us” he urged.

In support, the Chief financial Officer, Abuja Electricity Distribution Company, Mr. Babajide Ibironke, attested the competence and character of Mr Oyedele saying, “His appointment gives me hope that Nigerians can heave a sigh of relief. We have focused more on the monetary aspect of our national economy, but now he would bring the fiscal reality to bear in this administration, and would pay attention to the fiscal side which has suffered for years and that’s what they committee would tidy up.

“They’re not going to over tax the people but to widen the tax net and reduce executive profligacy we see today in government, and I can assure you that we remain auspicious” he asseverated.

Similarly, the Chief Client Officer of AXA Insurance, Rashidat Adebisi, assured Nigerians that Mr Oyedele would deliver on mandate and they would have course to smile. “He has character and competence. Nigerians would not regret having him in the saddle” she maintained.