The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has expressed profound appreciation to President Bola Tinubu, for the bold and transformative steps taken in reforming Nigeria's fiscal landscape through the recent passage of the tax reform bills and the RMAFC bill
It said that the landmark legislative achievements not only underscored the administration's dedication to enhancing transparency, accountability, and efficiency in revenue generation and allocation but also lay a solid foundation for sustainable economic growth and national development.
The Commission assured Mr. President of its continued support and steadfast collaboration in the implementation of the far-reaching reforms.
The tax reform bills, it said, represent a milestone in the nation's ongoing efforts to improve revenue generation, reduce dependence on oil revenue, and enhance economic diversification.
By streamlining and modernising the tax framework, it said that the reforms are expected to strengthen compliance, broaden the tax base, and stimulate inclusive economic growth across all sectors.
A statement by Chairman RMAFC, Dr. Muhammed Bello Shehu, said "We also acknowledge the tireless efforts of the members of the National Assembly, particularly the Senate President Godswill Akpabio, and the Speaker of the House of Representatives, Rt Honourable Tajudeen Abbas
"Additionally, we appreciate the Attorney General of the Federation, Chief Lateef Olasunkanmi Fagbemi, along with policymakers and other stakeholders, who worked collaboratively to make this reform a reality."
By signing the bills into law, he said that President Tinubu has not only demonstrated a strong commitment to the welfare of citizens and the prosperity of the nation, but has also proved beyond doubt that he understands the socio-economic situation of the nation.
The RMAFC Boss added "There is no doubt that the tax reforms will bring great relief to low-income earners who, until now, were compelled to pay taxes while struggling to survive on their meagre means of sustenance.
"In conclusion, I wish to sincerely commend His Excellency, Mr. President, for his visionary leadership and unwavering commitment to strengthening Nigeria's fiscal framework, as demonstrated by the historic passage of the tax reform bills and the bill of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC)."