The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) stated on Tuesday that it supports President Bola Tinubu’s proposed tax reform bills currently before the National Assembly.
RMAFC Chairman, Dr. Mohammed Shehu, addressed journalists in Abuja and dismissed allegations of opposing the bills as “false” and “malicious.” He clarified that the commission is fully supportive of the bills and has actively participated in the reform process.
We applaud President Tinubu’s strong commitment to repositioning Nigeria’s revenue base and his bold initiatives to address the country’s fiscal challenges,” Shehu said.
According to him, RMAFC had submitted a comprehensive memorandum outlining its position, which aligns with both global best practices and Tinubu’s vision for a fairer and more sustainable fiscal framework for Nigeria.
“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 favourably among nations with high fiscal performance,” Shehu said.
He expressed regret over the circulation of false reports and urged the public to disregard the misinformation and also appealed to the media to adhere to high journalistic standards and report only accurate information to avoid undermining the nation’s ongoing fiscal reforms.
“Once again, we reiterate our total support for the tax reform, which aligns with our goal of helping the President in his ongoing fiscal reforms. We acknowledge our responsibility to provide professional guidance whenever necessary and pledge to continue working tirelessly to support the President’s vision for a more prosperous Nigeria.
“It is important to recognize that the RMAFC is a critical stakeholder in Nigeria’s fiscal framework. Our mandate is to ensure an equitable revenue-sharing formula among the three tiers of government. We take this responsibility seriously and are committed to providing expert advice to support the government’s fiscal policy objectives.
“In this regard, we have been working closely with the National Assembly to provide technical input on the proposed tax reform bills. Our goal is to ensure that the legislation is robust, effective, and aligns with global best practices.”
