Subscribe

Stay informed

Get the day's top headlines delivered to your inbox every morning.

By subscribing, you agree to our Privacy Policy

the Nation

Truth in Every Story

twitterfacebookinstagramyoutube

News

  • Politics
  • Business
  • Technology
  • World

Features

  • Opinion
  • Culture
  • Sports
  • Video

Company

  • About Us
  • Contact
  • Careers
  • Advertise

Legal

  • Privacy Policy
  • Terms of Service
  • Cookie Policy
  • Accessibility

© 2026 the Nation. All rights reserved.

SitemapRSS Feed
Business

‘Effective implementation key to tax reforms’ gains’

Chairman of the National Tax Policy Implementation Committee (NTPIC), Joseph Tegbe, has stressed that tax policy must serve as an enabler of governance. He stated that the framework must embody

Share this article
February 27, 2026byThe Nation
2 min read

Chairman of the National Tax Policy Implementation Committee (NTPIC), Joseph Tegbe, has stressed that tax policy must serve as an enabler of governance.

He stated that the framework must embody simplicity, equity, predictability, and administrability at scale. These principles, he explained, foster voluntary compliance, reduce operational friction, and strengthen investor confidence.

Tegbe warned that by contrast, ad-hoc adjustments or policy drift could undermine reform momentum, unsettle businesses, and deter investment, which thrives on predictable rules rather than shifting announcements.

“Structured sequencing, clear transition mechanisms, and continuous feedback between policymakers and administrators are therefore critical to sustaining reform credibility,” Tegbe said, at the 2026 Leadership Retreat of the Nigeria Revenue Service (NRS).

He made this known while emphasising that the success of Nigeria’s recently enacted tax reform framework will rely less on the ambition of its legislation and more on the discipline of its execution.

Tegbe underscored that the country’s tax reform journey is at a critical juncture where effective implementation will determine long-term fiscal outcomes.

Read Also: AfDB okays $3.9m to electrify homesin Nigeria, others

He pointed out that the country’s tax-to-GDP ratio remains among the lowest for major economies, constraining fiscal flexibility and heightening vulnerability to fluctuations in oil prices.

With public expenditure pressures rising and macroeconomic stability increasingly dependent on sustainable domestic revenue mobilisation, he argued that institutional performance is now the primary driver of fiscal resilience.

 According to him, the passage of four new tax laws marks only the beginning of a broader reform agenda. He described the initiative as a systemic recalibration of Nigeria’s fiscal architecture, rather than a routine policy update.

The true measure of success, he asserted, will be the credibility of implementation, not the design of the laws themselves, and argued that revenue reform cannot succeed in isolation.

“Achieving sustainable gains requires a whole-of-government approach, leveraging robust taxpayer identification systems, integrated financial data, efficient dispute resolution, and harmonized coordination across federal and subnational levels,” Tegbe stated.

This approach, he said, reduces leakages, eliminates multiple taxation, and reinforces confidence in the system.

The NTPIC boss added that durable reform should be measured by higher voluntary compliance rates, lower administrative costs, fewer disputes, faster resolution cycles, and stronger taxpayer confidence.

Share this article
The Nation

Related Articles

Punuka Foundation to walk for super special children

Punuka Foundation to walk for super special children

•NGO seeks implementation of Disability Act Punuka Foundation is set to hold its flagship Annual Walk for Super Special Children. The 2026 edition will be held on May 2, 2026,

less than a minute ago
Ex-ICJ prosecutor advocates inclusivity for women

Ex-ICJ prosecutor advocates inclusivity for women

ILA honours Bensouda, NILDS DG, Sulaiman Former Prosecutor of the International Criminal Court (ICC), the Hague, Netherlands and High Commissioner of the Republic of The Gambia to the United Kingdom,

1 minute ago
Glocient highlights benefits of PPP to sustainable development

Glocient highlights benefits of PPP to sustainable development

Some business leaders, government representatives, investors in the private sector, partners in business development, and students from across Nigeria recently converged on Ado-Ektiti to explore how strong collaborations between government

3 minutes ago
NCDMB promotes reading culture in Q1 series

NCDMB promotes reading culture in Q1 series

The Nigerian Content Development and Monitoring Board has stressed the importance of reading, creativity and intellectual development as key drivers of innovation and capacity building in Nigeria’s oil and gas

6 minutes ago