 The presidential committee on fiscal policy and tax reforms has been tried to transform the tax system to support sustainable development and achieve a minimum of 18% tax to GDP ratio within the next three years. President Thinubu said the committee has as its objective the advancement of viable and cost-effective solutions to issues such as multiplicity of tax collection agencies, the high cost of revenue administration and the lack of effective coordination between fiscal and other economic policies across all levels of government. As president, I am determined to end this cycle. On the day of my inauguration, I promise that my administration will address all the issues impeding investment and economic growth in Nigeria. This promise is why I saw an end to the first subsidy. It is the reason the central bank has called an end to its multiple exchange rate system. It won't happen under my watch. For this same reason, we gather here today to inaugurate the presidential committee on fiscal policy and tax reform. The chairman of the committee, Taiwu, already said if the country is to achieve the needed growth, aside from other necessities, there is the need to create a conducive environment to attract private and foreign investment through a comprehensive approach and coordinated strategy. If other hinted, the committee will evolve ways of mobilizing more tax revenue without necessarily increasing tax burdens. Our approach will be comprehensive and long-term focused, addressing fiscal concerns related to sustainable development goals as well as multi-dimensional poverty, ensuring responsible energy transition and a coordinated strategy to elevate revenue reporting and quality of spending. The empirical data affirms that Nigerians are willing to fulfill their tax obligations when they see meaningful returns on their tax contributions. We must therefore be intentional in renewing the social contract and, more importantly, act in the best interest of our nation. Nigeria has eight potential for a new position that should be something to cater for our people, without resorting to excessive poverty, which overgrants the private sector and gives them the ability to finance sustainable development and jobs and prosperity for Nigeria. Speaking after the inauguration, the representative of the World Bank said the agenda of the committee is keen to helping Nigeria achieve inclusive growth with more economic opportunities and better services for Nigerians. I think this is why the agenda for this committee is so important to what we at the World Bank are here to help Nigeria do. I am very honoured that I was invited to be part of this. Most of the financing that we provide is directly for services like primary healthcare, electricity access, rural roads. Those are things that we look forward to a day where Nigeria is fully financing those from its own government resources. I would love to see a day where the work of this committee lays the foundation for making our financing redundant. Members of the committee drawn from the private and public sectors and ministries, departments and relevant agencies have further charged to cooperate fully with the committee towards achieving their mandates. I am notified about fresh news updates.