RMAFC NOT OPPOSED TO PRESIDENT TINUBU’S TAX REFORM
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has refuted recent media reports alleging its opposition to President Bola Ahmed Tinubu’s proposed tax reform bills. Speaking during a press briefing in Abuja, today, Tuesday 10th December, 2024, the Chairman of the Commission, Dr. Mohammed Bello Shehu, OFR, described the reports as “grossly misleading, false, and malicious.”
Dr. Shehu clarified that the RMAFC has been fully engaged in the reform process and is aligned with President Tinubu’s vision for an equitable and sustainable fiscal framework. He also highlighted the importance of the proposed tax reform bills in addressing Nigeria’s fiscal challenges.
“We applaud President Tinubu’s strong commitment to repositioning Nigeria’s revenue base through bold initiatives. The proposed tax reform bills are a significant step towards integrating untapped revenue sources, enhancing Nigeria’s revenue-to-GDP ratio, and positioning the country favorably among nations with high fiscal performance,” Dr. Shehu stated.
While acknowledging that the issue of Value Added Tax (VAT) allocation and derivation has sparked intense debate, Dr. Shehu reassured Nigerians of the Commission’s proactive involvement in ensuring that global best practices guide the reform process.
“As a responsible and patriotic institution, we have submitted a comprehensive memorandum that emphasizes adherence to global best practices. This position aligns seamlessly with Mr. President’s vision,” he added.
Dr. Shehu condemned the spread of misinformation, emphasizing that the RMAFC has never opposed the bills but has instead provided professional advice to support their refinement. He called on Nigerians to disregard baseless reports and urged the media to uphold ethical standards in their reportage.
“It is disheartening to note that, despite our explicit support for the proposed legislation, some individuals have chosen to peddle falsehoods for reasons best known to them,” he said. “These inaccurate statements can undermine the ongoing efforts of patriotic Nigerians tirelessly working to support the President’s vision for the country.”
The Chairman further explained that the proposed tax reform bills are currently undergoing consultations, with inputs being sought from expert bodies. He cautioned against misinterpretation or misrepresentation of professional advice during this process.
“The Commission is a critical stakeholder in Nigeria’s fiscal framework, and we take our responsibility to provide expert advice seriously. We have been working closely with the National Assembly to ensure the proposed legislation is robust, effective, and aligned with global best practices,” Dr. Shehu emphasized.
He noted that the proposed bills aim to promote fiscal equity, reduce tax evasion, and increase revenue generation—objectives that align with the RMAFC’s mandate.
However, he acknowledged concerns about potential impacts on businesses and individuals, assuring stakeholders that the Commission remains committed to addressing these through constructive engagement.
Dr. Shehu stressed the importance of relying on factual information to avoid unnecessary controversies and called on all Nigerians to support the President’s bold fiscal reforms.
“At this critical juncture, the President needs the support of all Nigerians. Let us work together to support his vision for a more prosperous Nigeria,” he concluded.
The RMAFC urged the media to avoid the spread of fake news and focus on promoting factual and constructive dialogue for the collective good of the nation.
*Maryam Umar Yusuf, mnipr*
Head, Information and Public Relations Unit
RMAFC
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