President Tinubu’s New Tax Reform Chairman, Taiwo Oyedele Resigns From His Job 2 Weeks After Appointment
- Taiwo Oyedele, one of the recent appointees of President Bola Ahmed Tinubu, has resigned from his job
- He believes that his resignation will give him the freedom to carry out the assignment by President Tinubu
- Oyedele is tasked to provide a framework for Nigeria to grow its revenue and begin on its path to economic recovery
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President Bola Ahmed Tinubu's newly appointed Chairman Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has resigned from his PriceWaterhouseCoopers (PwC) job.
Oyedele, who served PwC for two decades as Fiscal Policy Partner and Africa Tax Leader, announced his resignation through his verified Twitter handle on Wednesday, July 19, 2023.
Source: UGC
His resignation comes two weeks after he was appointed to lead a team of experts from the private and public sectors to help enhance Nigeria's revenue collection efficiency and ensure transparent reporting.
The team will also promote the effective utilisation of tax and other revenues to boost citizens’ tax morale, foster a healthy tax culture, and drive voluntary compliance, Punch reports.
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Taiwo Oyedele explains resignation
According to Oyedele, his decision to quit PwC is to enable him to focus entirely on the crucial national assignment.
He wrote on Twitter:
"After over two decades at PwC, I have made the hard but necessary decision to exit the firm. It will enable me to focus fully with undivided attention on my new role as the Chair of the Presidential Fiscal Policy & Tax Reform Committee, which I consider a crucial national assignment.
“This decision will also prevent potential distractions from real or perceived conflicts of interest. Thank you all once again for your support, best wishes and prayers. May God bless you all, and may God bless Nigeria.”
President Tinubu's revenue drive
Oyedele's appointment will be significant in providing a working policy to help Nigeria's economic growth and revenue drive.
He has always been a formidable advocate against multiple taxation while calling on the government to close revenue leakages.
In one of his recent posts, he tagged the Ninth National Assembly of Nigeria (NASS) as “insensitive" for introducing National Youth Service Corps Trust Fund Bill 2022.
His post reads:
“The 9th National Assembly of Nigeria (NASS) will go down in history as the most insensitive to the plight of businesses regarding the multiplicity of taxes despite the difficult operating environment.
“Just the number of new income taxes alone introduced by the 9th NASS is set to exceed the number of income taxes we’ve had since independence, including Police tax; National Agency for Science and Engineering Infrastructure (NASENI) levy, and the National Youth Service Corps (NYSC) levy.
Read also
N70bn palliative: 10th National Assembly sending wrong signal to Nigerians, says Rafsanjani
“Not even the military imposed as many taxes. We will remember this legacy!”
President Tinubu signs Executive Order stopping levy on imported vehicles, others
In related news, Legit.ng reported that on Thursday, July 6, 2023, President Bola Tinubu took action by signing four new Executive Orders.
Notably, one of these orders entailed the suspension of the import adjustment tax imposed on specific vehicles and single-use plastics (SUPs).
Additionally, the President decided to suspend the proposed green tax while offering a 5% excise duty on telecommunication services.
Source: Legit.ng
