NIGERIA, ABUJA – The Minister of State for Industry, Senator John Owan Enoh, has reaffirmed the Federal Government’s commitment to tax policy reforms aimed at fostering industrial growth and attracting investments.
Speaking after hosting the Presidential Committee on Fiscal Policy and Tax Reforms, led by Chairman Mr. Taiwo Oyedele, Senator Enoh emphasized the need for a transparent, simplified, and business-friendly tax system.
The meeting, which followed the Federal Ministry of Industry, Trade, and Investment’s (FMITI) presentations before both the Senate and House Committees on Tax Reforms last week, focused on strategies to eliminate bottlenecks hindering industrial expansion.
Mr. Oyedele reiterated the committee’s mandate, as directed by President Bola Ahmed Tinubu, to reform Nigeria’s fiscal policies in a way that stimulates economic growth and enhances the ease of doing business.
He highlighted the importance of aligning tax policies with industrial development to create an environment conducive to manufacturing and production.
Senator Enoh commended the committee’s efforts and pledged the Ministry’s full cooperation in ensuring that tax policies are restructured to support Nigeria’s long-term economic and industrial goals.
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“Together, we aim to ensure that businesses—particularly in the manufacturing and production sectors—benefit from a more efficient, equitable, and investment-friendly tax framework,” he stated.
The ongoing fiscal and tax policy reforms are expected to provide relief to businesses, reduce compliance burdens, and encourage more investments, reinforcing the government’s broader economic development agenda.