RMAFC denies opposition to Tinubu’s tax reforms

By Adanna Nnamani, Abuja

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has denied claims that it opposes President Bola Tinubu’s proposed tax reform bill.

Speaking during a press briefing in Abuja on Tuesday, RMFAC Chairman Dr. Muhammed Bello Shehu described media reports alleging the Commission’s rejection of the bill as “false and malicious.”.

Shehu clarified that the RMAFC has been fully engaged in the reform process while affirming the commission’s support for the initiative, which seeks to reposition Nigeria’s revenue framework, enhance the revenue-to-GDP ratio, and ensure a more equitable fiscal system.

“We applaud President Tinubu’s strong commitment to repositioning Nigeria’s revenue base through bold initiatives. 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 stated.

While acknowledging that the issue of Value Added Tax (VAT) allocation and derivation has sparked intense debate, the RMAFC boss assured Nigerians of the Commission’s proactive involvement in ensuring that global best practices guide the reform process.

“As a responsible and patriotic institution, we have submitted a comprehensive memorandum that emphasised adherence to global best practices. This position aligns seamlessly with Mr. President’s vision,” he added.

Shehu condemned the spread of misinformation, stating that the RMAFC has never opposed the bills but has instead provided professional advice to support their refinement. He called on Nigerians to disregard baseless reports and urged the media to uphold ethical standards in their reportage.

“It is disheartening to note that, despite our explicit support for the proposed legislation, some individuals have chosen to peddle falsehoods for reasons best known to them. These inaccurate statements can undermine the ongoing efforts of patriotic Nigerians tirelessly working to support the President’s vision for the country.” He lamented.

The chairman further explained that the proposed tax reform bills are currently undergoing consultations, with inputs being sought from expert bodies. He cautioned against misinterpretation or misrepresentation of professional advice during this process.

“The Commission is a critical stakeholder in Nigeria’s fiscal framework, and we take our responsibility to provide expert advice seriously. We have been working closely with the National Assembly to ensure the proposed legislation is robust, effective, and aligned with global best practices,” he said.