FG Inaugurates Tax Appeal Commissioners to Strengthen Reforms

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, while inaugurating the Tax Appeal Commissioners on Wednesday at the Ministry of Finance Auditorium, Abuja, highlighted their crucial role in supporting Nigeria’s economic reforms and enhancing revenue generation.

He emphasised the importance of the Tax Appeal Tribunal (TAT) in ensuring fair and efficient adjudication of tax disputes, which is essential for attracting investment and fostering a business-friendly environment.

Nigeria is taking steps toward a more robust and efficient tax system, paving the way for increased revenue generation and sustainable economic growth.

Recently, four controversial bills was finally passed by the National Assembly.

The inauguration comes as part of Nigeria’s broader tax reforms designed to increase revenue for critical sectors, including infrastructure, healthcare, and education.

The formal inauguration, conducted under the powers granted by the Federal Inland Revenue Service Establishment Act 2007, reinforces the government’s commitment to strengthening institutions that are essential for Nigeria’s economic transformation.

Mr Edun pointed out that reducing tax evasion is vital for maintaining trust in Nigeria’s tax system and funding national development.

He noted that while tax avoidance appears legal, tax evasion must be curtailed to ensure the integrity of Nigeria’s tax system.

Discussing Nigeria’s improving economic indicators, Mr Edun highlighted stabilising inflation, declining food prices, and rising oil production.

These improvements, he stated, demonstrate the progress of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which aims to place Nigeria on a sustainable path of growth, job creation, and poverty reduction.

On her part, the Minister of State for Finance, Mrs Doris Uzoka-Anite, stated that the Tribunal is a key mechanism in the tax system, balancing the interest of government in revenue generation and ensuring that taxpayers’ rights are protected.

She called on the members of the Tax Appeal Tribunal (TAT) to bring their wealth of experience to bear in order to ensure the realization of the policy objectives of government

The Chairman of Tax Appeal Tribunal, Mr Aderibigbe Adedeji assured the Minister that members would bring their wealth of experience to bear in discharging their duties, while also thanking President Bola Tinubu for the opportunity given to them to serve the nation in that capacity.