Taiwo Oyedele, the fiscal policy partner and Africa tax leader at PriceWaterhouseCoopers (PwC), has announced his resignation from the firm.
The decision revealed via his verified Twitter handle on Wednesday, enables him to fully dedicate his attention to his new role as the Chair of the Presidential Fiscal Policy and Tax Reform Committee.
In July, President Bola Tinubu established the Presidential Committee on Fiscal Policy and Tax Reforms, appointing Mr. Oyedele as its chairman. The creation of the committee reflects President Tinubu’s commitment to addressing challenges and implementing transformative reforms in fiscal policy and taxation.
The Nigerian government has outlined the committee’s primary objectives, which include enhancing revenue collection efficiency, ensuring transparent reporting, and promoting effective utilization of tax and other revenues to boost citizens’ tax morale, foster a healthy tax culture, and drive voluntary compliance.
Mr. Oyedele, with over two decades of service at PwC, made the difficult yet necessary decision to exit the firm in light of his new national assignment.
He stated, “This is to enable me to focus fully with undivided attention on my new role as the Chair of the Presidential Fiscal Policy & Tax Reform Committee, which I consider an important national assignment.”
The dual roles of Mr. Oyedele had raised concerns about potential conflicts of interest and ethical issues.
However, the resignation from PwC addresses these concerns, as he expressed in his statement, “This decision will also prevent any potential distractions from real or perceived conflicts of interest. Thank you all once again for your support, best wishes, and prayers.”
Mr. Oyedele concluded his announcement with well wishes, saying, “May God bless you all, and may God bless Nigeria.”