Oyedele: Synchronisation of fiscal, monetary & trade policies key to reforms
The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele says synchronization of fiscal, monetary and trade policies are key to ensure the effectiveness of ongoing reforms. In a chat with CNBC Africa at the 30th Nigerian Economic Summit, work is underway to address overregulation and fiscal disincentives while expressing optimism many bills will be passed before year end to ensure implementation early next year.
Tue, 15 Oct 2024 12:06:40 GMT
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AI Generated Summary
- Synchronization of fiscal, monetary, and trade policies crucial for reform effectiveness
- Focus on overregulation and fiscal disincentives as key areas for immediate attention
- Optimism towards the passage of bills by year-end to kickstart reform implementation
The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, emphasized the importance of synchronizing fiscal, monetary, and trade policies to ensure the effectiveness of ongoing reforms in Nigeria. In a recent interview with CNBC Africa at the 30th Nigerian Economic Summit, Oyedele highlighted the collaborative efforts between the public and private sectors to drive meaningful progress and impactful reforms in the country. He underscored the need for alignment among government policies to avoid pulling in different directions, ultimately hindering progress. Oyedele expressed optimism about the passage of several bills by the end of the year to facilitate the implementation of reforms in early 2025. The focus on overregulation, fiscal disincentives, and enhancing the business environment were identified as key areas for immediate attention and reform. Oyedele outlined a comprehensive strategy to address these challenges while also acknowledging the longer-term reforms needed to drive sustainable economic growth and poverty reduction in Nigeria.
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