The National Economic Council (NEC) has announced its decision to formally engage with the Presidential Fiscal Policy and Tax Reforms Committee following concerns raised about Nigeria’s newly enacted tax laws.
The resolution was reached during a recent NEC meeting, where members acknowledged the need for deeper consultation and coordination to ensure the new tax framework supports economic stability, growth, and fiscal sustainability across the federation. The engagement is expected to provide a platform for dialogue on policy clarity, implementation challenges, and the broader impact of the tax reforms on states, businesses, and citizens.
According to the council, interfacing with the Presidential Fiscal Policy and Tax Reforms Committee will help align national fiscal objectives with state-level realities, while addressing grey areas that may hinder effective implementation. NEC emphasized that collaborative governance remains essential to building public trust and ensuring the reforms achieve their intended outcomes.
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The move signals a proactive step by the council to strengthen cooperation between federal economic institutions, as Nigeria continues to pursue comprehensive fiscal reforms aimed at boosting revenue, improving compliance, and promoting long-term economic resilience.