Five Most Important Things to Know about Oyedele, Head of Tinubu’s Tax Reform Team.

INTRODUCTION

 

Taiwo Oyedele hails from Ondo state, Nigeria. He is a Christian and happily married with kids. He serves as the Chairman of Price Waterhouse Coopers (PWC) Nigeria Ethics Committee and he is also the founder of Impact Africa Foundation which focuses on mentoring and sponsoring the education of Nigerians. He has held several positions besides that, he is also the author of several books including “The Top 50 Tax Issues in Nigeria”, and “Insights on Taxation and Fiscal Policy”.

Taiwo Oyedele was appointed On the 7th of July, 2023 as the head of the tax reform team for President Asiwaju Bola Ahmed Tinubu. He is a well-known Nigerian politician and was a  former Governor of Lagos State. Taiwo is a prominent man who has played an important role in shaping Nigeria’s tax policies and driving economic growth. These are the five most important things to know about Taiwo Oyedele:

FIVE IMPORTANT THINGS ABOUT TAIWO OYEDELE

 

1. Impressive Professional Background:

 

Oyedele has an impressive professional background in tax and finance. He is a chartered accountant and the chairman of the taxation and fiscal policy faculty Board of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of the Chartered Institute of Taxation of Nigeria (CITN). He is also a member of the Global Tax Forum and has previously served as a member of the Global Governing Council of the Association of Chartered Certified Accountants (ACCA). He holds a Master’s degree in Business Administration (MBA) from the prestigious Lagos Business School and he is also an associate professor in Babcock University Business School. Taiwo has become a renowned figure in Nigeria’s tax landscaper with over two decades of experience in tax and financial management.

2. Key Role in Tax Reform:

 

Oyedele has played a vital role in driving tax reform initiatives in Nigeria. As the head of Tinubu’s tax reform team, his main objective is to enhance revenue collection efficiency, ensure transparent reporting, promote investment, develop and implement policies that will enhance tax administration, and boost economic growth. Oyedele is an expert in fiscal policy taxation, and economic matters. He is a legislative advocate and has been involved in strategic partnerships and policy development to implement progressive tax reforms in Nigeria.

3. Advocate for a Simplified Tax System:

 

The simplification of Nigeria’s tax system is one of the main focuses of Oyedele. He believes Tax laws and administrative processes should be simple, clear, and easy to understand and that a simplified tax system will encourage low compliance costs in the sense that the financial and economic cost of compliance to the taxpayer should be kept to the barest minimum. It could also reduce administrative burdens, and attract more investors. The need for clear and transparent tax laws, taxpayer education, and streamlined processes has always been an important key for Oyedele which aligns with global best practices and aims to create a conducive business environment in Nigeria.

4. Commitment to Fairness and Efficiency:

 

Oyedele is devoted to making sure that fairness and efficiency in Nigeria’s tax system are promoted. He believes that Nigeria’s tax system should be fair and equitable devoid of discrimination. Taxpayers should be required to pay according to their ability. Oyedele also believes the tax system should promote sustainable revenue, social equity, economic growth, and development.

5. Vision for Economic Transformation:

 

Oyedele has a clear vision to support tax reform to drive economic transformation in Nigeria. He recognizes that these efforts will not only improve Nigeria’s revenue profile but also bring direct business investment, create a more conducive and internationally-competitive business environment, and stimulate economic growth. Oyedele aims to work towards a modern, efficient, and business-friendly tax system through his expertise and leadership to contribute to Nigeria’s economic transformation.

According to him and I quote “Interestingly we do not need money to solve our biggest challenges such as building strong institutions, addressing inefficiencies, improving the ease of doing business and restoring investor confidence”. What we require is a robust policy that is diligently implemented. So if this policy is implemented diligently it could to an improvement in Nigeria’s tax system.

Oyedele

CONCLUSION

Oyedele’s advocacy for a simplified tax system and fairness has made a huge impact on Nigeria’s tax policies and administrative practices. His role as the head of Tinubu’s tax reform team has pointed out his expertise, passion, and commitment to driving tax reform and economic transformation in Nigeria. Oyedele’s vision for a modern, efficient, and business-friendly tax system will no doubt contribute to Nigeria’s economic growth and development in the years to come.