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Nigeria's Minister of State for Finance, Taiwo Oyedele, has admitted that the country's recently enacted tax reform laws contain errors, assuring that efforts are underway to correct these issues. He stated that procedural lapses during the legislative process led to the inconsistencies.
President Bola Ahmed Tinubu officially appointed Taiwo Oyedele as the new Minister of State for Finance during a ceremony at the Presidential Villa in Abuja. Oyedele's confirmation followed his nomination by President Tinubu approved by the Senate last week.
President Bola Ahmed Tinubu has appointed Taiwo Oyedele as the new Minister of State for Finance, succeeding Dr. Doris Uzoka-Anite. The appointment was announced by Bayo Onanuga, the President's Special Adviser on Information and Strategy.
Taiwo Oyedele, the Chairman of the Presidential Tax Reforms Committee, has asserted that the Federal Government will not jeopardize the country's future to benefit those who have evaded taxes for years. He emphasized the importance of ongoing tax reforms to enhance Nigeria's weak revenue stream.
Taiwo Oyedele, chair of the Presidential Fiscal Policy and Tax Reforms Committee, has assured manufacturers that newly proposed tax reforms will lower operational costs and encourage investment, despite claims of halted implementation guidelines.
