Federal Government don open the National Tax Policy Implementation Committee (NTPIC) to take arrange how dem go implement the new Capital Gains Tax (CGT) law in a way wey go clear, gentle and make market no shake.
This one follow meetings wey FG hold with big market regulators like SEC and NGX Group, as government don realise say the capital market dey important for liquidity, pricing and long-term investment for the economy.
The committee wey top tax expert Joseph Tegbe dey lead, get work to make sure say implementation dey transparent, investors dey protected and all stakeholders dey carried along. Part of the mandate na to provide clear guidelines and avoid any policy wey fit disturb market flow or scare investors.
Tegbe come talk say government no go rush or do anything wey go spoil business.
“Implementation of the new tax laws go fair, transparent and humane. We no go roll am out in a way wey go cripple businesses or investors. Na stakeholder engagement go remain our main focus,” he yarn.
NGX Group GMD, Temi Popoola, hail government approach, say NGX and SEC don dey tell government say any CGT reform must consider liquidity, investor confidence and market competitiveness.
“We support tax reform, but government must implement am carefully so that e no go affect market depth or participation,” Popoola talk.
He add say for emerging markets like Nigeria, no be only policy matter — but how dem take execute am fit determine global competitiveness.
The matter gain speed after Minister of Finance Wale Edun visit NGX Group, where operators explain wetin fit happen if government rush CGT rollout.
