The Bank Directors Association of Nigeria has called on the Presidential Fiscal Policy and Tax Reforms Committee to continue to maintain an open communication channel and collaboration as it relates to the proposed Tax Reform Bills.
The call was made on Tuesday when BDAN, led by its Chairman, Mustafa Chike-Obi, met with the Chairman of the Presidential Fiscal Policy & Tax Reforms Committee, Taiwo Oyedele.
The agenda of the meeting focused on the proposed Tax Reform Bills—The Nigeria Tax Bill HB. 1759 and the Nigeria Tax Administration Bill 2024 HB. 1756—and their implications for the banking industry.
During the discussions, BDAN commended the Committee’s commitment to addressing Nigeria’s fiscal challenges.
The proposed reforms, according to the Association, present an opportunity to eliminate inefficiencies and lay the groundwork for a more resilient and competitive economy.
Chike-Obi reiterated BDAN’s commitment to policies that strengthen Nigeria’s financial ecosystem, saying, “As an association, we are aligned with initiatives that promote fiscal accountability and support sustainable economic growth.
“While we have no fundamental issues with the proposed reforms, it is imperative to ensure that their implementation is inclusive and considers the nuances of the banking sector.”
