The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has categorically denied reports claiming it opposed President Bola Tinubu’s proposed tax reform bills. RMAFC Chairman, Dr. Mohammed Shehu, dismissed the allegations as “false” and “malicious” during a press briefing in Abuja on Tuesday.
Shehu clarified that the commission is fully supportive of the bills and has actively participated in the reform process. The 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 aim to integrate untapped revenue sources, enhance Nigeria’s revenue-to-GDP ratio, and position the country favorably among nations with high fiscal performance. Key provisions include a phased increase in Value-Added Tax (VAT) from 7.5% to 15% by 2030, a 5% excise duty on telecommunications services, and adjustments to corporate income tax.
Shehu expressed regret over the circulation of false reports and urged the public to disregard the misinformation. He 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.
The RMAFC reaffirmed its commitment to providing professional advice on fiscal matters and collaborating with the National Assembly to ensure the bills are robust and effective. Shehu emphasized the importance of promoting fiscal equity, reducing tax evasion, and increasing revenue generation, which align with the RMAFC’s mandate.
