By Samuel Bankole
Renowned fiscal policy expert, Taiwo Oyedele, has stepped down from his position as the Chairman of the Presidential Fiscal Policy & Tax Reform Committee to fully dedicate himself to a crucial national responsibility.
Oyedele, who was appointed by President Bola Tinubu just two weeks ago, announced his resignation via a tweet on Wednesday.
“After over 2 decades at PwC, I have made the hard but necessary decision to exit the firm. This is to 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 an important national assignment.
“This decision will also prevent any 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. – Taiwo Oyedele,” the tax expert stated.
Already, there are speculations that Oyedele has been penciled down to head the consolidated government agency for revenue collection, being proposed by the president in his economic blueprint, prompting his resignation from his position at the PwC.
Prior to his appointment as the head of the tax reform committee, Oyedele served as the Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC). With an illustrious career in fiscal policy, taxation, and economic matters, Oyedele holds various key positions in prestigious organizations.
He currently serves as the Thematic Lead for the Fiscal Policy & Planning Commission and holds the Chairmanship of the West Africa Debt Management Roundtable of the Nigerian Economic Summit Group (NESG).
Additionally, Oyedele chairs the Taxation & Fiscal Policy Faculty Board of the Institute of Chartered Accountants of Nigeria (ICAN) and is a member of the Nigerian Taxation Standards Board. He is also a member of the Ministerial Committee on the implementation of Nigeria’s National Tax Policy and the Global Tax Forum.
In the past, he served as a member of the Global Governing Council of the Association of Chartered Certified Accountants (ACCA).
Beyond his professional endeavors, Oyedele is an Associate Professor at the Babcock University Business School and an esteemed alumnus of the London School of Economics & Political Science, Yale University, and Harvard Kennedy School Executive Education.
He contributes to the educational landscape as a guest lecturer at the Lagos Business School and is the Founder and President of the Impact Africa Foundation.
His appointment as the chairman of the tax reform committee came merely 24 hours after the President signed four Executive Orders deferring the 5 percent excise tax on telecommunications services and the increase in excise charges on locally built vehicles.
The committee, as stated by presidential spokesman Dele Alake, comprises experts from both the private and public sectors and is tasked with vital aspects of tax law reform, fiscal policy design and coordination, tax harmonization, and revenue administration.
The statement headlined ‘President Tinubu establishes tax reform committee,’ the body’s principal goal is to improve revenue collection efficiency and ensure transparent reporting.
It will also encourage the efficient use of tax and other revenues in order to raise residents’ tax morale, build a healthy tax culture, and encourage voluntary compliance.
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